Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: Public debt map
Senator Schumer: ‘Debt Free College for Every Student in the Country’
Washington Square News - 2/12/2016 5:34:10 AM
While governments normally engage in public school funding ... not a life sentence of debt and financial strain,” Schumer said. “Many countries across the world are working to make higher college more affordable, and America is lagging behind.
Economy minister: public debt falls, rating agency upgrades “expected”
politics.hu - 2/10/2016 10:51:30 AM
Speaking at an event in Budapest’s Corvinus University, Mihály Varga, the economy minister, said that in the midst of current uncertainties in the world economy, Hungary must pursue a pro-active economic policy. From this point of view, the public debt ...
World Bank Punches South Africa’s Poor, by Ignoring the Rich
Counter Punch - 2/12/2016 11:03:27 AM
“South Africa can claim to have one of the world’s most ... for “Defence, public order and safety,” which is likely to have a strong bias towards protecting the lives and property of wealthier classes; *10 percent for debt servicing, for which ...
World Bank: Syrian war costs region $35 billion in productivity
Al Bawaba - 2/5/2016 12:59:08 PM
The World Bank said Thursday that economic growth in 2015 for ... The report predicts that Saudi Arabia's public debt will reach 20 percent of GDP next year, 10 times its level of debt in 2013. "The richest oil exporters in the region, Saudi Arabia ...
Africa: Public Debt in Low-Income Countries: Opportunities and Vulnerabilities
AllAfrica - 1/15/2016 5:41:44 PM
More diverse financing sources can raise new opportunities but can also pose risks, said a joint IMF-World Bank report on public debt vulnerabilities in low-income countries. While the share of low-income countries at high risk fell by almost half between ...
Public Debt in Low-Income Countries: Opportunities and Vulnerabilities
International Monetary Fund - 1/14/2016 5:28:36 PM
said a joint IMF-World Bank report on public debt vulnerabilities in low-income countries. While the share of low-income countries at high risk fell by almost half between 2007 and 2013, debt vulnerability has actually increased in the past two years (see ...
Russia's debt collectors turn violent as recession leaves 11.5m in debt
The Guardian - 2/10/2016 11:27:18 AM
Dubbed “vultures of the crisis”, overzealous debt collectors have shot to prominence – a byproduct of a prolonged recession fuelled by the collapse of world oil prices and ... now being dubbed by the public as “black bailiffs” and “vultures ...
Countries Overloaded With Debt
CNBC - 10/28/2009 10:40:00 AM
There are widespread calls inside and outside the United States to reduce the country's debt, fueled by fears ranging from the rising tide of inflation to the possibility that the dollar will lose its privileged position as the world's reserve currency.
The 20 countries with the greatest public debt
World Economic Forum - 2/3/2016 11:52:54 PM
Japan, the world’s most indebted nation ... The introduction in the report gives an accurate image of the country’s situation: Greece’s public debt has become highly unsustainable. This is due to the easing of policies during the last year, with ...
World Bank Cuts S.A Growth Outlook
The Guardian - Nigeria - 2/5/2016 2:57:50 AM
“In this prevailing weak economic climate, it is important for South Africa to look to other avenues outside the fiscal space to stimulate faster growth,” said the World Bank country director for South Africa, Guang Zhe Chen. Rising public debt and ...
World Bank says wars, cheap oil hurting Middle East growth
Reuters - 2/4/2016 8:13:59 AM
The World Bank said Saudi Arabia's public debt would reach 20 percent of GDP in 2017 ... economic growth in the medium term with positive spillovers to the neighboring countries," said Lili Mottaghi, World Bank economist for the region and the author ...
Obama’s final budget shunned by GOP but offers path for Sanders, Clinton
The Miami Herald - 2/9/2016 11:07:01 AM
The budget is a political tool Congress enjoys the power of the purse, so presidential budgets necessarily are about political vision, where the country is and where ... would bring down debt held by the public to about 75.3 percent of the overall economy ...
Global Financial Instability: Never Before Has The World Been So Dangerously Volatile - My Economy Notebook
Seeking Alpha - 2/8/2016 4:55:58 AM
So no later than the next world recession, it will become clear that ... The combination of a high private and public debt, makes it impossible for a country to re-balance its economy without a write off. Graph description: After Greece entered a recession ...
What’s Holding Back the World Economy?
PROJECT SYNDICATE - 2/8/2016 2:28:38 PM
According to the United Nations’ report World Economic Situation and Prospects 2016, the average growth rate in developed economies has declined by more than 54% since the crisis. An estimated 44 million people are unemployed in developed countries ...
The 10 Countries With the Most Debt
US News and World Report - 1/27/2011 11:57:48 PM
[See a slide show of the 10 countries with the most debt.] Even accounting for inflation ... While the United States total public debt is indeed the largest in the world, a broader context shows that other countries face even more dire debt situations.