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
which would help ease this inordinately high debt. If the plan fails, however, Japan will be stuck with a monster debt just in time for an aging population to tax social systems to the brink. That's a bad combination for this economy's future.
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 ...
Japan panel warns of dangers if debt not addressed
Economic Times - 5/20/2013 1:07:37 PM
India will mandate that all firms offering internet telephony, including Skype owned by software giant Microsoft, must set up a server in the country. Although inflation-indexed bonds prove beneficial during times of high inflation, they ...
World’s Biggest Volatility Jump Spurs Fund Outflow
Bloomberg - 5/20/2013 1:54:44 AM
Government bonds issued by Group of Seven countries excluding Japan have returned 18 percent this year in yen terms, compared with 0.55 percent for Japan’s government bonds, Bank of America Merrill Lynch indexes show. Japan’s five-year note ...
Exclusive - Japan panel warns of dangers if debt not addressed
Yahoo!7 News - 5/20/2013 12:53:18 PM
TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country's massive public debt, citing the risk of a spike in bond yields that could crimp long-term growth prospects ...
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 ...
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
On Monday, the finance ministers from the 16 other European Union countries that use the euro approved the ... It was the second lowest rate in 28 equivalent auctions that year. The Public Debt Management Agency said it raised 1.3 billion euros ($1.7 ...
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 ...
National to increase NZ’s debt by $61 billion over 5 years
Scoop - 5/18/2013 11:54:14 PM
We would be responsible economic managers, unlike National and their debt monster.” Keith Ng: You’re looking at the Regulatory Impact Statement (RIS) for the Public Health and Disability Amendment Bill. Basically, the courts said that the Government ...
Nemat Shafik: governments must tackle public debt and climate change
The Guardian - 5/14/2013 8:24:13 PM
Speaking in the third lecture of the Global Public Leaders Series in Washington, Nemat Shafik said the two biggest issues for modern governments were public debt and climate ... of keeping energy cheap, countries continue to subsidise.
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
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/operator of The Woodlands Country Club portfolio of properties in Houston Texas and the ...
Debt dynamics in the eurozone
Financial Times - 5/13/2013 1:37:23 PM
These are the relevant data for the three mentioned countries. It is quite clear that Spanish debt dynamics are far worse than those of France and Germany. French and German net public debt started off at higher levels, relative to gross ...
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 ...
