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, 2012See also: Public debt map
Is Ethiopia’s Sovereign Debt Sustainable?
Indepth Africa - 10/30/2014 9:15:08 AM
... debt burden is partly due to the fact that Japan’s public debt is largely denominated in its local currency, and that the country is experiencing the lowest interest rate in the world. On the other hand, most sovereign debt issued by the ...
Policy recommendations for sound public debt management
Business Recorder - 10/27/2014 11:16:12 PM
Out of the $16 billion that the World Bank has loaned to Pakistan since the ... held in Islamabad to discuss the all important issue of the country's increasing levels of public debt. Held by Business Recorder in collaboration with PRIME, an Islamabad ...
The coming financial crisis: a harbinger of world renewal?
The People's Voice - 10/23/2014 11:56:45 PM
The impact of debt will, of course, be most keenly felt in developing countries ... If governments across the world intend to avoid the inevitability of economic upheaval, social unrest and public protest, they need to finally accept that the existing ...
Dar determined to cut public debt ratio to 55pc, deplores $4.5b loss
customstoday.com.pk - 10/30/2014 5:54:42 AM
“Similarly we are also going to reduce the public debt ratio from 63.9 per cent to 55 per cent in ... various questions to improve their understanding of the working of the country’s economy. To a question asked about the Asian Infrastructure ...
IMF warns GCC countries of $175 billion hole created by falling oil prices
The National - 10/27/2014 1:43:33 PM
The IMF said that despite progress on fiscal consolidation, public finance deficits and debt levels in oil- importing countries were still high ... take into account recent payments made by Dubai World and Nakheel. The IMF is recalculating its estimate ...
The Great Depression
History - 10/20/2014 7:39:37 AM
The Great Depression (1929-39 ... forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. The adherence to the gold standard, which joined countries around the world in a fixed currency exchange, helped ...
The global debt trap
The Montana Standard - 10/19/2014 6:22:04 AM
WASHINGTON -- Six years after the onset of the financial crisis, the world still has too much debt ... says that emerging-market countries "could be at the epicenter of the next crisis." Presumably, this would mean losses on public and private bonds ...
The Top Reasons Behind The U.S. National Debt
Investopedia - 10/29/2014 11:49:38 PM
Since it is a borrowing at a governmental or national level, it is termed national debt or government debt, or even public ... world, making it difficult for continued foreign investor confidence and investments in the U.S. Most importantly, the risk of ...
Uganda: Why Is Mzee Selling Our Country to China?
AllAfrica - 10/29/2014 5:34:25 AM
One of the least-debated topics in our country is the external ... debt put together means the public debt is now at $9.45bn! To understand the level of exposure, one needs to look at our GDP, which, according to the World Bank, is at $21.4bn.
Call for having debt audit commission
Dawn - 10/16/2014 4:31:05 AM
The country had the lowest tax-to-GDP ratio in the world and a taxation system that was characterised ... in Struggle for Empowerment (WISE), said a significant part of the public debt in Pakistan was illegitimate since it had resulted from deliberate ...
IMF-World Bank Structural Adjustment Programs (SAPs) ruined countries – fate of Sri Lanka?
Lankaweb - 10/15/2014 11:59:04 PM
Latin American socially oriented governments have rejected IMF’s neo-liberal policies after realizing that neither IMF nor World Bank have any ... because for getting loans countries have to follow IMF policies even for debt relief.
Country’s Borrowing and Its Consequences
theboholstandard.com - 10/25/2014 10:07:00 PM
To suggest that countries should renounce their debt may sound too radical at first ... The resulting economic growth will provide the future tax base for public works. Letting the world lend to value-producing companies instead of to inevitably corrupt ...
Costa Rica seeking World Bank loan to cover debt, government expenses for 2015
Inside Costa Rica - 9/24/2014 11:45:12 AM
September 24 th, 2014 (InsideCostaRica.com) The government of Luis Guillermo Solís is seeking a loan from the World ... The country’s debt-to-GDP ratio is expected to reach close to 40% of GDP this year. Finance officials have not made public the ...
Serbia hoping for IMF, eurobond deals within the month: FinMin
Reuters - 10/30/2014 7:42:04 AM
Dusan Vujovic, a former World Bank economist, told Reuters he also expected the country's recession-hit economy to comfortably ... Belgrade has promised to make 1.4 to 1.5 billion euros of public sector and subsidy cuts over the next three years and ...
Why now is the time to invest in infrastructure
forumblog.org - 10/3/2014 7:16:50 AM
Our study—Chapter 3 in the October 2014 World Economic Outlook— examines ... In addition, the boost to GDP a country gets from increasing public infrastructure investment tends to offset the rise in debt, so that the public-debt-to-GDP ratio does ...