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
The world’s debt dilemma
Japan Times - 4/20/2015 9:54:32 AM
Given this, the world needs to find both less credit-intensive ... A more effective approach would employ a broader range of tools, including debt restructuring. In some countries, sales of public assets and the levying of one-off wealth taxes would ...
How a world awash in debt devalues your money and quality of life
Market Watch - 4/20/2015 4:53:53 AM
Global markets’ selloff last Friday reflects a reality facing central bankers from Washington to Athens — world debt levels are simply too great to deal with through conventional means Since 2007, total public ... Even in emerging countries, where ...
IMF: Ghana could be HIPC by the end of 2015
Ghana Web - 4/18/2015 2:18:46 AM
According to the United Nations and World Bank, any time a country's public debt hit or crosses the 70% of its Gross Domestic Product (GDP), then that country can be described as highly indebted. That means it would be difficult for that country to settle ...
World Bank reiterates concern over unsustainable spending
Minivan News - 4/19/2015 2:13:25 PM
The World Bank meanwhile said the country’s risk of external debt distress has been reduced from high to moderate due to revised estimates of a lower current account deficit. However, overall public debt is high at 74.6 percent of GDP in 2014 ...
Rick Manning: Time For An Adult Discussion Of America’s Role In The World
FITSNews - 4/20/2015 8:17:18 PM
and handlers of candidates of both political parties will attempt to control how the public perceives them. It should be a time of great debate about the future of the country. Wage deflation, a national debt approaching $20 trillion, the government’s ...
Greece Flashes Warning Signals About Its Debt
New York Times - 4/19/2015 8:04:10 PM
Mr. Varoufakis’s next formal meeting with his country’s creditors is set for Friday in Riga ... Although he has done some public sector debt restructurings, Mr. Buchheit is better known for forcing private sector bondholders to accept losses.
A Long History of Predatory Practices Against Developing Countries
Truth Out - 4/18/2015 2:14:36 PM
While this case brought the term ‘vulture funds’ into the public sphere ... of a country’s gross domestic product. The World Bank estimates that nearly one-third of countries that are eligible for debt relief and other poverty alleviation programmes ...
Dubai World is said to repay $2.92bn in debt makeover deal
MENAFN - 4/20/2015 6:05:28 AM
(MENAFN - Gulf Times) Dubai World, the state-owned company that roiled global markets in 2009 with a plan to freeze debt payments ... asking not to be identified because the information isn't public. Under the new agreement, which altered the original ...
Bolivian Independence from the World Bank and IMF
teleSUR - 4/15/2015 11:57:59 PM
Despite the recent capital loan, overall Bolivian public debt to the World Bank has fallen ... to lessen its dependency on the IMF and the World Bank through increasing government royalties from the country’s hydrocarbon reserves (a policy that the ...
Huge debts await Buhari, in-coming govs… Details of debts owed by each state… What OKONJO-IWEALA says about this
Osun Defender - 4/18/2015 9:35:25 AM
The huge debt stock, if not properly managed, can hamper the delivery of democracy dividends. According to external debt figures released by the DMO, Lagos State is the most indebted state in the country with ... Nigeria’s total public debt stock ...
Nation & World briefing
The Bulletin - 4/19/2015 7:03:55 AM
U.S. arms — As the Middle East descends into proxy wars, sectarian conflicts and battles against terrorist networks, countries in the ... with few public objections from Israel. Greek debt — World finance officials said Saturday they see a number ...
Embrace fiscal discipline, IMF urges African oil exporting countries
The Nation - 4/19/2015 11:03:07 PM
Ms. Sayeh, who addressed the Africa Region reporters at the ongoing Spring Meetings of the World Bank and the IMF at ... development and avoiding an unsustainable public debt built-up.” Besides, she urged countries in the region seeking to raise funds ...
Dawn - 4/19/2015 2:53:22 AM
A high-tech economy and a comprehensive system of welfare benefits allow Sweden to enjoy one of the highest standards of living in the world ... high levels in other European countries that have been hit by the euro and debt crises. But as Europe remains ...
Finns expected to vote for change in recession-hit country
Public Opinion - 4/19/2015 4:40:45 AM
HELSINKI (AP) — Finns are voting in parliamentary elections that will determine which coalition of parties can lead the country out of a three-year recession ... benefit cuts and the rising national debt. Recent opinion polls give the lead to the ...
Tsipras to seize public-sector funds to keep Greece afloat
Associated Press - 4/20/2015 1:29:17 PM
ATHENS, Greece — Running out of options to keep his country afloat ... talks aren't public. A spokesman for the Ministry of Finance declined to comment when contacted by phone. European leaders want Greece to do more to revamp its debt- burdened economy ...