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
World's 10 freest economies, India lags behind
Rediff India Abroad - 1/29/2015 6:37:06 AM
Hong Kong is the world’s freest economy according to the Index of Economic ... The highlights of the economy include monetary stability, low public debt, and a vibrant employment market. Efficient business environment, diversified economic growth ...
Lessons from 1953: The debt write-off behind Germany's 'economic miracle'
France 24 - 1/29/2015 4:52:43 PM
“It is only thanks to the United States, which sacrificed vast amounts of money after both World War I and ... bailout money made it into public spending, with the rest going to debt repayment. What little money the country made was used to service ...
Russia's credit cut to 'junk' a blow to aspiring world power, but immediate fallout is limited
US News and World Report - 1/27/2015 4:12:08 PM
MOSCOW (AP) — Russia has seen its credit grade cut to "junk" status for the first time in over a decade, a big blow for a country that wants to be a world economic power ... that has very low levels of public debt. Analysts at SEB, a leading Nordic ...
Greece Wants a Debt Break. What About Its Poorer Neighbors?
Yahoo Finance - 1/28/2015 8:42:58 PM
Nobody wants to see debt forgiveness.” Officials of Tsipras’s party like to point to Germany after World War II ... He has pledged to boost public spending, raise the minimum wage and roll back changes to the country’s labor regulations.
Don't worry about the rising national debt. Seriously, just don't.
The Week Magazine - 1/29/2015 3:33:58 PM
But Washington Post columnist Ruth Marcus took the crown for silly self-righteous fulmination, accusing everyone from President Obama to the country as a whole of irresponsibly ignoring the "lingering, and potentially dangerous, hangover" of debt — the ...
Surge in dollar-debt leaves some African nations exposed: think tank
Yahoo News - 1/28/2015 7:28:24 AM
That remains small relative to regional GDP measured by the World Bank at more than $1.6 trillion. But some countries are more exposed after heavy issuance in 2014. Ghana's overall debt to GDP rate ... spent heavily on hefty public sector pay increases ...
If Apple were a country…
Financial Times - 1/28/2015 9:11:36 PM
Apple just reported the biggest quarter of net income earned by any public company ever ... Like emerging market countries, Apple has hard currency liabilities that it can’t print its way out of. (Not just debt but also supplier contracts, employee ...
These fund managers still see value in Greek debt after Syriza’s win
Financial Post - 1/28/2015 1:54:56 PM
Pacific Investment Management Co. and hedge fund Greylock Capital Management say the election of the anti-austerity Syriza party in Greece hasn’t dimmed their appetite for the country’s bonds. Syriza won after promising a writedown of public debt and ...
Greece sets up clash with eurozone over debt measures
Sioux City Journal - 1/28/2015 7:21:14 AM
Previous governments in Athens had committed to achieving high primary budget surpluses — that is, surpluses that do not count the cost of servicing debt — in order to make the country's national ... port of Piraeus and the Public Power Corp. utility.
National debt threatens our future
The Commons Online - 1/28/2015 4:46:44 PM
The public debt will become one of the major challenges for United States politics in the near future. Facing it will have to lead to changes of American policies and how the country leads in world policy. Priorities have to be set, and compromises have to ...
Three myths about Greece's mammoth debt mountain
Sydney Morning Herald - 1/29/2015 2:58:11 PM
That's the enormous debt mountain that faces the new Greek government. It is the issue over which the country is set to clash with other ... election promises to raise the minimum wage and create public sector jobs. According to calculations from Paul ...
The US debt pile that just keeps on growing
Gulf News - 1/28/2015 3:39:20 AM
By the time a reader finishes this column, the US public debt will have increased ... Consequently, many countries will suffer severe losses, particularly China and Japan, the second and third largest economies in the world. This situation will pose ...
Interview by Christina Vasilaki of SYRIZA’s radio stoKokkino with Eric Toussaint of the CADTM
my.firedoglake.com - 1/27/2015 7:08:06 AM
“An audit committee of the Greek debt could ... Regulation on countries in program adaptation, according to which: “A Member State subject to a macroeconomic adjustment programme shall carry out a comprehensive audit of its public finances in order ...
Tsipras vs. Merkel on Greek debt: Unstoppable mandate faces immovable stance? (+video)
The Christian Science Monitor - 1/26/2015 11:58:37 PM
"However, not tackling the public debt problem decisively at the outset or early in the ... "Fresh from receiving our democratic mandate, we call upon the people of Europe and, indeed, the world over, to join us in a realm of shared, sustainable prosperity."
Paul Krugman: One of the World's Biggest Economic Nightmares Has Ended
Alter Net - 1/27/2015 8:26:51 AM
... for government employees and benefits—all in all a 20 percent cut in public spending since 2010, Krugman says. All that "responsibility" has only worsened Greece's debt, by sending its economy into a deeper trough of depression. "If the troika had ...