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 6:10:38 PM
No economic conversation has captured the public's eye quite like the explosion of national debt. From the U.S. to Europe to Asia, leading economies have staved off the worst of the recession by incurring runaway debts that have blossomed to the ...
Bahrain needs to cut public debt after 2012 spending boost -IMF
Reuters - 5/16/2013 10:06:14 AM
DUBAI, May 16 (Reuters) - Bahrain, which last year boosted state spending to quell political unrest, urgently needs to reform its economy to stop its debt burden becoming unsustainable, The International Monetary Fund said. Bahrain upped its ...
IMF Says Bahrain’s Growing Debt May Be Unsustainable by 2018
Bloomberg - 5/18/2013 2:25:44 AM
Bahrain must urgently cut spending or risk unsustainable public debt as its fiscal deficit widens and oil ... of emergency and relied on military support from neighboring countries to quell protests during the Arab Spring rebellions.
World’s Biggest Volatility Jump Spurs Fund Outflow
Bloomberg - 5/20/2013 1:54:44 AM
The central bank decided on April 4 to double government bond purchases to more ... Kuroda and his policy board will discuss the impact of the rising bond yields at their two-day meeting starting May 21, the Nikkei newspaper reported last ...
Kenneth Rogoff and Carmen Reinhart: How much debt is cool enough
articles.economictimes.indiatimes.com - 5/16/2013 11:42:17 PM
In a vastly influential paper "Growth in a Time of Debt", based on a data set from 44 countries and spanning two centuries, economists Kenneth Rogoff and Carmen Reinhart (R&R) arrived at crisp conclusions that shaped the growth-austerity public ...
Greece sells debt cheaper as loan gets disbursed
Yahoo! News - 5/14/2013 12:38:56 PM
ATHENS, Greece (AP) — Greece saw the interest rate it has to pay to get investors to lend it money fall further Tuesday, a day after its European creditors backed the release of the country's next batch of rescue loans. The Public Debt Management Agency ...
World debt is 313 percent of global GDP
Salon - 5/13/2013 2:41:49 PM
For developed economies, it’s $170,401. The U.S. alone has total per-capita indebtedness of $176,833, including all public and private debt.” “Increasingly, ‘debt’ is seen as a dirty word,” the ING research team said in a report ...
Fitch agency lifts Greek government rating by 1 notch to B- _ still deep in junk territory
Washington Post - 5/14/2013 4:49:28 PM
ATHENS, Greece — Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country’s European creditors backed the release of a new rescue loan payment. However, the one-notch ...
Nemat Shafik: governments must tackle public debt and climate change
The Guardian - 5/14/2013 8:24:13 PM
However, Shafik said "eliminating energy subsidies is not impossible ... To get our articles on policy and leadership direct to your inbox, sign up to the Guardian Public Leaders Network now.
China's debt problem sparks worries
Yahoo! Finance - 5/13/2013 7:18:00 AM
The world's second largest economy has a debt problem. China's credit boom has saddled unworthy businesses with large loans, fueled the country's shadow banking system and put local governments on the hook for billions. Swiss bank UBS calculates ...
Europeans disillusioned and divided by debt crisis, survey finds
The Guardian - 5/14/2013 6:15:22 PM
Public support for the European project has plunged as the continent descends into mutual distrust, according to a new survey that shows the damage caused by the region's debt crisis over ... "In most countries surveyed, fewer people today ...
Sequoia Golf Holdings announces securing senior debt refinance
World Golf - 5/15/2013 10:07:25 AM
The debt facility is secured by approximately 30 golf course assets in Georgia and Texas. Sequoia Golf specializes in the ownership and management of private and semi-private golf country club facilities throughout the United States. It is the owner ...
We’ll comply with Jonathan’s 30% debt target – DMO
Punch - 5/15/2013 1:46:21 AM
Mr. President’s pronouncement that Nigeria’s actual borrowing will not exceed 30 per cent debt to GDP ratio remains valid as the limit guiding the country’s public borrowing.” At the presentation of the 2012 budget, Jonathan lamented the rate at ...
CEE Morning Briefing: Hungarian Debt Level
Wall Street Journal - 5/17/2013 9:14:57 AM
The outlook for Hungary’s sovereign borrowing needs comes into focus on Friday. The Hungarian central bank said the country’s public debt rose to 82.2% of gross domestic product at the end of March from 79.2% at the end of 2012. The ...
Fall in external debt and liabilities
Business Recorder - 5/19/2013 10:55:46 PM
In the meantime, there seems to be no credible alternative but to initiate a programme with the Fund to support the balance of payments of the country and avoid the risk of insolvency which seems to be looming large on the horizon. It is time to ...
