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, 2012
See also: Public debt mapRelated News
The World's 5 Most Debt-Ridden Countries
The Motley Fool - 5/18/2013 3:47:28 PM
Among the largest 50 economies worldwide, here are the five ... but while that could help the country's lagging businesses, it won't help bring down its skyrocketing debt. With more public-sector job cuts on the table, unemployment at 18% ...
France reports USD2.3tr public debt at 2012-end
MENAFN - 5/18/2013 11:54:14 PM
The agency said that in the quarter, public debt-to-gross domestic product (GDP ... MENAFN Press (MENAFN Press) With the world's 4th largest flight network of 223 destinations in 99 countries, Turkish Airlines continues to grow with five new destinations ...
With Austerity Under Fire, Countries Seek a More Balanced Solution
knowledge.wharton.upenn.edu - 5/22/2013 8:21:54 PM
In one camp, says Goldstein ... For the first quarter of 2013, growth shrank 0.2% among the 17 countries that share the euro currency. The drop was sharper than expected as France returned to recession and growth in Germany stagnated.
IMF Executive Board Discusses Sovereign Debt Restructuring—Recent Developments and Implications for the Fund’s Legal and Policy Framework
International Monetary Fund - 5/23/2013 7:59:14 PM
Public Information Notices (PINs) form part of the IMF's efforts to ... possible measures to involve private creditors and on whether the exceptional access policy should be modified. Some Directors called for an in-depth analysis of the implications ...
Pakistan's new government must put development before debt repayment
The Guardian - 5/22/2013 2:49:38 AM
While the pummelling of northern Pakistan by unmanned US drones continues to fan the flames of extremism ... In 2010 the IMF tried to remove fuel subsidies, leading to a price increase that nearly toppled the government, which reversed the ...
PUBLIC VS. PRIVATE COLLEGE: Which Is Better For Your Wallet?
San Francisco Gate - 5/21/2013 2:53:48 PM
Here, we take a look at the pros and cons of both: TUITION Tuition and fees for a public four-year institution cost $20,823 for the 2011-12 school year –– about $8,000 less than private institutions. Hands down, public universities are the better buy ...
Japan panel warns of dangers if debt not addressed
Yahoo! News - 5/21/2013 3:26:36 AM
TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country ... public debt that, at more than twice the nation's annual economic output, is the biggest in the developed world.
Germany is the 'Most Popular Country in the World'
CNBC - 5/23/2013 12:42:35 PM
Pakistan and North Korea also received low ratings. Germany's increased popularity was helped by positive reviews from people in Spain, France, Ghana and Australia. But in debt-laden Greece a majority of people polled gave Germany negative ratings.
Wall Street Recovers After Worldwide Slump
New York Times - 5/23/2013 8:13:33 PM
Stock prices around the world were volatile on Thursday, with Wall Street hovering between positive and negative territory before finishing down slightly, after global investors were rattled by signs of a slowdown in Chinese manufacturing and a ...
External debt servicing exceeds $4.6 billion
Business Recorder - 5/19/2013 11:24:24 PM
The country ... debt servicing during first quarter of FY13, about $1.975 billion in second quarter and $1.507 billion in third quarter of current fiscal year. The detailed analysis revealed that over 87 percent of servicing has been made on account of ...
IMF urges Montenegro to close aluminum plant to cut debt
Reuters - 5/20/2013 3:30:47 PM
The partly state-owned Kombinat Aluminijuma Podgorica (KAP) factory produced 120,000 metric tons of the metal last year, accounting for 4.7 percent of the tiny Balkan country's economic ... 2009 Montenegro's public debt has surged from 37 ...
IMF Staff Suggests Tighter Debt Rules to Improve Restructuring
Bloomberg - 5/23/2013 8:13:33 PM
The report also said that “there may be a case for exploring additional ways to limit the risk that fund resources will simply be used to bail out private creditors.” It suggested some form of creditor “bail-in” measure as a condition ...
Fall in external debt and liabilities
Business Recorder - 5/19/2013 10:55:46 PM
Decline in overall stock of external debt and liability is normally considered a healthy development for a country. Seen against this background ... A large part of decline originated from public debt which posted a decline of 8 percent during this ...
Portugal plunders pension fund to tackle debt cliff
Reuters - 5/22/2013 10:42:04 AM
The fund had EUR5.5bn invested in Portuguese public ... debt, deemed sub-investment grade by all the major ratings agencies and viewed as one of the riskiest assets in eurozone government bond markets by investors. In Spain, a country hanging ...
Exclusive - Japan panel warns of dangers if debt not addressed
Yahoo! News - 5/20/2013 12:38:59 PM
TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country ... public debt that, at more than twice the nation's annual economic output, is the biggest in the developed world.
