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
Pakistan's economy suffers with USD163b public debt
MENAFN - 8/27/2015 8:11:39 AM
all leading to a USD163 billion public debt. The country's tax-to-GDP ratio of 9.4 percent is among the lowest in the world, and recent reports blamed the lack of a tax culture on non-revenue sources of funds the country has historically enjoyed in the ...
Ukraine reaches debt-relief deal with creditors
The Seattle Times - 8/27/2015 7:14:23 AM
MOSCOW — The Ukrainian government said Thursday it has reached a deal with its international bondholders to lighten its public debt burden, a crucial move that will help the country avoid default as it tries to cope with the devastating costs of war.
Borrowing responsibly: Africa’s debt challenge
Businessday - 9/3/2015 11:33:55 PM
the poorest and most indebted countries on the continent were able to lower their public debt and increase social spending by almost 3.5% of their gross domestic product between 2001 and 2012, the World Bank and IMF claim. For example, Benin used its ...
Moody's raises red flag over China's public finances
Money Control - 9/2/2015 2:16:46 PM
Twenty-four trillion yuan is equivalent to 38 percent of the country's gross domestic product (GDP) in 2014, according to Moody's. Moody's underlying concern is that debt levels are rising against a backdrop of falling revenues, potentially making it more ...
The World This Week: Global Economy Has a Great Fall
Fair Observer - 8/28/2015 11:55:21 PM
A slowdown in China is making the world ... countries, privatization was duly carried out. The relatives, friends and cronies of former party bosses bought state-owned assets for a fraction of their value and appropriated most of the wealth of the public.
The 10 Countries With the Most Debt
US News and World Report - 1/27/2011 11:57:48 PM
While the United States total public debt is indeed the largest in the world, a broader context shows ... points away from inclusion in the top 10 countries with the worst debt-to-GDP ratios, listed below: Country Debt as Percent of GDP (2010 est.)
The evolution of anxiety about debt and deficits
Rabble - 9/4/2015 1:09:58 PM
It is the peasants who panic and the monarch who gives them relief, showing that debt hasn't yet become the source of an ... at the Wall Street Journal said Canada is becoming a third-world country due to deficits. They slash social programs, fulfilling ...
World Bank says it has funded US$1,6 bln worth of development projects since 1980
financialgazette.co.zw - 8/28/2015 5:00:10 PM
THE new World Bank country director ... government and city councils around the country. He said the only way that government and local authorities can improve their reporting in the near future is to go the Public Private Partnership (PPP) route as ...
Nigeria: Can Debt Be Good?
AllAfrica - 9/4/2015 11:01:07 AM
Despite the cleaning up, the nation's balance sheet through the World Bank and Paris ... the sad experience of the debt trap that erstwhile Nigerian leaders plunged the country into, due to massive corruption in both the public and private sectors of ...
Earth to Paul Krugman and The New York Times: Debt Is Not Good
The Patriot Post - 8/30/2015 3:57:33 AM
Debt held by the public … will fluctuate for a few years before beginning a steady climb … and nearing 77 percent [of GDP] in 2025. Those are levels unseen since 1950, when the country was getting out from under the burden of World War II. In fact the ...
How The World's Biggest Oil Exporters Are Suffering From $40-A-Barrel Crude Oil
International Business Times - 8/26/2015 8:48:37 AM
Oil-rich nations are reeling from the latest drop in crude oil prices, which plunged to six-year lows Monday on rising fears of an economic slowdown in China, the ... into debt, leading to weaker currencies, rising inflation and tightening public budgets ...
Public pensions at risk worldwide: Report
CNBC - 12/8/2014 4:57:07 PM
The world's retirement ... term economic growth as countries are forced to borrow money to cover their public pension promises. In Japan, where an aging population is experiencing the biggest gains in longevity, public debt is now more than twice the ...
Greek republic in (debt) crisis: The supposed dilemma (part Ι)
PRESSENZA - 8/27/2015 10:20:30 AM
Bizarrely, Marxist politicians and economists had little influence in the public debate that ... the European Union (and the world, by trying to push a problem of the world financial system onto banks and then to countries and citizens) and sooner or ...
Seeing through a distorted world
Money Week - 9/3/2015 3:34:19 PM
My analysis: the country has overinvested in ... it will reveal that the world’s financial system is just as fragile now as it was in 2007. Over $57trn in debt has been added, public and private. That debt is interest-rate sensitive.
Biden, Ukraine leader condemn attacks by pro-Russian forces
The Wichita Eagle Kansas - 8/28/2015 9:17:52 PM
The deal with international bondholders will lighten Ukraine's public debt burden in a move aimed at helping the country avoid default. The White House says Biden and Poroshenko also discussed Ukraine's upcoming local elections and says they condemned ...