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
The global debt trap: Robert J. Samuelson
OregonLive - 10/19/2014 4:59:09 PM
Called the Geneva Report, the study warns against the "poisonous combination" of high debt and low economic growth. It says that emerging-market countries "could be at the epicenter of the next crisis." Presumably, this would mean losses on public and ...
Call for having debt audit commission
Dawn - 10/16/2014 4:31:05 AM
Country’s debt soars to $149bn “The government must stop ... Bushra Khaliq, executive director of the Women in Struggle for Empowerment (WISE), said a significant part of the public debt in Pakistan was illegitimate since it had resulted from ...
The coming financial crisis: a harbinger of world renewal?
presstv.com - 10/24/2014 10:33:50 AM
The impact of debt will, of course, be most keenly felt in developing countries. According to the Jubilee Debt ... thwart government efforts to reduce poverty and provide essential public services. As James Medway of the New Economic Foundation explains ...
IMF-World Bank Structural Adjustment Programs (SAPs) ruined countries – fate of Sri Lanka?
Lankaweb - 10/15/2014 11:59:04 PM
IMF will decide how much a debt country can spend on education ... At the suggestion of the IMF and World Bank, ousted Egyptian President Hosni Mubarak sold public companies to local and foreign investors, while 40 per cent of Egyptians earned US$2 ...
IMF: Growth of low-income countries to remain robust
Dhaka Tribune - 10/24/2014 5:11:42 AM
For a few of these countries, the IMF said, the recent widening of fiscal deficits and higher debt levels reflect a shift in public spending away from essential investment – social priorities and infrastructure – toward higher current spending.
The Scotsman - 10/19/2014 10:28:26 PM
Britain’s national debt is more than £1.46 trillion, and the country’s total debt is probably more than £4.7tn. Yet public sector workers are agitating for pay increases and increased benefits. British workers have to realise that the rest of the ...
Deficits, Debt, and Debasement
CATO Institute - 10/19/2014 11:54:20 PM
During World War II, for example, public debt increased to nearly 109 percent of GDP ... and do … business in the light of day,” President Obama instead accelerated the country down the path of overspending, made unsustainable promises, and used ...
"Strong and balanced public finance affirmatively differentiates Turkey from other countries," the minister said
worldbulletin.net - 10/24/2014 6:08:58 AM
"Strong and balanced public finance affirmatively differentiates Turkey from other countries in a period when the public deficits and debt of other countries are high, and their primary budget balances are in deficit," Simsek said. Simsek explained ...
Debt, Tax Evasion and Competing Economic Doctrines Dominate IMF and World Bank Discussions
Forex Magnates - 10/14/2014 4:33:27 AM
According to the IMF, countries such as Greece, Portugal and Ireland are prime examples whereby debt-to-GDP ratios are expected to increase ... and relieve the pressure on civil budgets and Italian public sector workers. Unfortunately, Italian growth ...
Brian Monteith: Debt clock is ticking
Edinburgh News - 10/24/2014 10:48:09 AM
but when we have deficits the country has to borrow more to fund the shortfall, paying back only interest payments on existing debt. So we add to our national debt. When you add to the public sector debt additional items such as all the public finance ...
MAULDIN: We Shouldn't Be The Least Bit Surprised By Sluggish Global Growth
The Business Insider - 10/24/2014 6:11:58 PM
A large contributor to this remarkable downshift in economic growth was that in 1999 the combined public and private debt reached a critical range of 250%-275% of GDP. Econometric studies have shown that a country’s growth rate will lose about 25% of its ...
IMF appeals for help to Ebola-hit countries
Mizo News - 10/20/2014 4:00:42 PM
and provided that the public debt levels remained manageable, fiscal debts should be allowed to widen, subject to the availability of financing. “Should the Ebola outbreak be more protracted or spread to more countries, it would have severe consequences ...
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 ...
Public higher education versus private
universityworldnews.com - 10/24/2014 12:14:03 PM
In the two countries, private funds complement public spending to varying degrees although private ... Finally, the report notes that a high level of student debt may have adverse effects both for students and for governments if large numbers of students ...
Monday's Lead Letter: U.S. debt is not a crisis
members.jacksonville.com - 10/24/2014 8:27:58 PM
Many members of Congress and the public believe that the mounting debt has reached crisis proportions and should ... spared and reductions in defense expenditures could compromise the country’s national security. Do we really face an economic crisis ...