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
Which are the 15 most miserable countries in the world?
Daily Telegraph - 3/3/2015 12:10:12 PM
The collapse in world oil prices has left the country short of dollars needed to import many ... Portugal is 10th and Italy is 11th in this year's ranking. Greece's public debt is now equal to 177pc of GDP, the highest level in the eurozone.
Public debt not a problem yet for India: Raghuram Rajan
Firstpost - 3/3/2015 10:22:49 AM
Mumbai: RBI Governor Raghuram Rajan today said government debt is not yet a problem for India even as Standard & Poor's stated that high government debt is putting the sovereign rating under pressure. "We are one of the few countries that do not have a ...
How addiction to debt came even to China
Dawn - 3/2/2015 4:26:06 AM
Moreover, in the past, countries that expanded public sector debt in the immediate aftermath of a crisis were subsequently able to generate debt-free growth via exports. This is not a generalisable strategy when much of the world is struggling with ...
Public Debt Management Agency will bring India's external and domestic debt under one roof: Jaitley
The Hindu - 2/28/2015 7:01:46 PM
is the deepening of the Indian Bond market" The government’s intention to set up a Public Debt Management Agency (PDMA) is not only required for the development of the bond market in the country, but it would also prevent leakages of public funds.
Seychelles Set to Be First in the World to Develop Countrywide Ocean Conservation Plan
AllAfrica - 3/3/2015 11:27:15 AM
Victoria — The Seychelles minister for Environment, Energy and Climate Change, Didier Dogley, has announced that Seychelles is all set to become the first country in the world ... debt crisis when total debt had reached 151 percent of GDP, with external ...
Ukraine's new US-born finance chief enduring baptism by fire
The Miami Herald - 3/1/2015 3:30:01 AM
But Natalie Jaresko, the country's new finance minister who was born and raised in the Chicago suburbs, says she feels just as much at home here as she takes on a daunting task: overhauling a Soviet-era economy at a time when public finances are being ...
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.
Miliband warns of £281bn fees debt
Sunderland Echo - 2/27/2015 1:09:13 AM
Ed Miliband will claim the tuition fees system is on course to saddle the country ... with debt today and set to weigh down the taxpayer with more debt tomorrow. This is a system that will have added an extra £16 billion more than predicted to public ...
Lies and myths about Greece and Europe’s debt
People's World - 3/2/2015 5:40:40 PM
But what are those debts? This past summer, the Committee for a Citizen's Audit on the Public Debt issued a report on France, a country that is currently instituting austerity measures to bring its debt in line with the magic "three percent" ratio.
AP Interview: Greece to seek talks on debt rescheduling
The Grand Island Independent - 2/28/2015 12:42:23 PM
ATHENS, Greece (AP) — Greece intends to start discussions with its creditors on debt rescheduling in order to make the country's massive debt sustainable ... a menu of swaps between new instruments, new public financially engineered instruments and ...
Greece Stirs Doubt on Debt Owed IMF
Wall Street Journal - 2/28/2015 5:25:44 AM
Greece’s cash-strapped government suggested in the past week that it might default on some of the debt it owes ... around the world. Failure to pay the IMF would fuel worries that Greece’s government could stiff all the country’s creditors.
The 10 Countries With the Most Debt
US News and World Report - 1/27/2011 11:57:48 PM
[See the 10 states with the largest budget shortfalls.] 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. One way to put debt in perspective is to ...
A contrarian’s view on the great Greek debt crisis
Gulf News - 2/28/2015 3:02:34 AM
After all, the country’s debt ... closely tracking the Greek debt talks, and he is planning another trip to Athens soon to push his ideas on the new Greek government. He has put together a team of 100 economists, accountants, public relations experts ...
Global Debt: A Scary Situation With Limited Solutions
Value Walk - 2/19/2015 2:11:48 PM
worldwide debt has increased both in absolute terms (by $57 trillion) and versus the GDPs of constituent countries (a 17% increase, to 286%), including in many developed economies. One frightening conclusion: Some countries may have reached a point where ...
Share of public debt in GDP falls in India, but there’s little to celebrate
Live Mint - 2/19/2015 5:36:24 AM
Comparable middle-income countries which have a higher public debt to GDP ratio are mostly from Eastern Europe, as a result of the euro crisis. The high level of public debt is one more reason why recent efforts to take a more relaxed view of the fiscal ...