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
Argentina debt default: frustration on the streets
Daily Telegraph - 8/1/2014 8:45:52 AM
Bloomberg’s Willem Marx reports from Buenos Aires on what Standard & Poor’s is calling a default by the Argentine government Argentina’s President Cristina Fernandez de Kirchner denied the country defaulted on its debt in her first public comments ...
11 countries near bankruptcy
Yahoo Finance - 8/1/2014 1:03:33 PM
According to the International Monetary Fund (IMF), Greece’s debt is projected to hit nearly 175% of GDP by the end of this year, more than that of any other nation in the world except for Japan. However, not all countries with low ratings necessarily ...
The World's 5 Most Debt-Ridden Countries
The Motley Fool - 5/18/2013 6:10:38 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%, and GDP expected ...
Argentine president reassures public as country enters default forced by creditors
Newser - 8/1/2014 12:53:25 AM
Fernandez in a rousing and emotional speech dismissed the effects of the default, the country's second in 13 years. "In the first place, we are here on the 31st of July and the world continues ... to buy up the disputed debt. Such a deal would have enabled ...
Countries Overloaded With Debt
CNBC - 10/28/2009 2:36:13 PM
"External debt is more worrisome and important than public debt, as public debt is generally ... A further breakdown of the country's external debt data, provided by the World Bank, shows that a significant proportion of the country's external debt is ...
Japan must hike sales taxes again to conquer debt: IMF
The Straits Times - 7/31/2014 2:02:01 PM
TOKYO (AFP) - Japan must raise its sales tax again to conquer one of the world's heaviest public debt ... The IMF report said the country had little choice. "Given very high levels of public debt, implementation of the second consumption tax increase ...
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 ...
The 15 Countries That Are Buried Under The Most Debt
The Business Insider - 4/4/2011 6:49:17 PM
French public debt is expected to rise as high as 86.9% of GDP in 2011 according to a report by HSBC. The country has implemented spending cuts, increased certain taxes and is raising the retirement age but if Eurozone countries require more bailout ...
IMF-World Bank Publish Revised Guidelines for Public Debt Management
International Monetary Fund - 4/25/2014 6:05:54 PM
International Monetary Fund (IMF) and World Bank staffs have prepared and issued to the Executive Boards of both institutions the Revised Guidelines for Public Debt Management for information ... and reduce member countries’ external vulnerabilities.
Argentina is not solely to blame for its latest debt default
theguardian.com - 8/1/2014 9:43:08 AM
and the world's inability to organise a credible and fair procedure for foreign bankruptcies, perhaps the best idea is to steer the bulk of international debt flows through debtor-country courts. Jeremy Bulow and I made a proposal along these lines 25 ...
Sovereign Debt and Deficit by Country
Forbes - 2/10/2012 5:01:08 AM
Public debt as a percentage of GDP. From these I computed a country’s deficit (4 ... our blog receive free access to a 1.75 hour video presentation on “Where in the World to Invest?“
A developing world of debt
theguardian.com - 5/16/2012 10:16:46 AM
The JDC says debt is "still a huge issue" for developing countries ... rise again in some of the world's poorest countries. The AEO report cautioned: "The risk remains, especially for the most fragile states." Ethiopia's public sector debt is almost ...
The Debt of Developing Countries: The Devastating Impacts of IMF-World Bank “Economic Medicine”
Global Research - 10/11/2013 5:26:20 PM
According to World Bank data, in 2010 alone, developing countries paid out $184 billion on debt service, about three times the annual resources required for the fulfillment of the MDGs. Even more troublesome, between 1985 and 2010 net public debt flows to ...
Portugal debt rating upgraded
Iafrica - 7/28/2014 5:44:29 AM
Moody's cited the Portuguese government's "comfortable liquidity position, with regained access to the public debt markets and sizeable cash buffers" as a factor in making the upgrade. The rating firm said it expected that the country's fiscal ...
World Bank and IMF Launch Quarterly Online Public Sector Debt Database
International Monetary Fund - 12/5/2010 11:56:14 PM
The World Bank and the International Monetary Fund (IMF) today launched the online Quarterly Public Sector Debt Database, which offers access to public sector debt statistics for 30 emerging market and developing countries and will be updated every three ...