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
With Austerity Under Fire, Countries Seek a More Balanced Solution
knowledge.wharton.upenn.edu - 5/22/2013 6:05:53 PM
The Research Debate Moreover, even as the real-world implications have ... no evidence supporting the claim that countries will consistently experience a sharp decline in economic growth once public debt levels exceed 90% of GDP."
Slovenia adopts debt cap to stave off crisis
Associated Press - 5/24/2013 2:28:46 PM
Slovenia's public debt is set to surge to 71 percent of annual GDP in 2014 as the state faces huge costs saving its banks, which hold some 7 billion euros ($9 billion) in bad loans. The first ex-communist country to adopt the euro in 2007 has ...
Asia Goes on a Debt Binge as Much of World Sobers Up
Yahoo! Finance - 5/24/2013 10:32:33 AM
Some economists, including Nomura Holdings Inc.'s Zhiwei Zhang, say China's debt-to-GDP ratio has risen higher and faster, to above 200% ... potential to ripple to its neighbors in Asia and beyond. "China's financial system is still fragile ...
High public debt raises fiscal crisis risk: IMF official
Newstrack India - 5/21/2013 7:44:18 AM
He said the ratio of public debt to gross domestic product (GDP) has surpassed 90 percent in some advanced economies, and high debt would hamper economic growth, reported Xinhua. He urged countries to adopt appropriate fiscal adjustment steps in ...
Visualizing Public/Private Debt Since 1990
Financial Sense - 5/23/2013 11:55:27 PM
One of the more fascinating ways to visualize the world’s growing pile of public and private debt comes ... Sobers Up ($) where you can view a time lapse of debt (as a percentage of GDP) for various countries and regions. The basic story is told in ...
Debt financing by pension funds a steadily growing business
Financial Post - 5/22/2013 3:21:15 PM
One day after OPB Finance Trust raised $250-million of nine year debt at 2.90%, more information has emerged about the borrowings by some of the country’s leading public sector pension funds. For instance: — According to DBRS, the total debt ...
Slovenia to Approve Debt Ceiling as Bratusek Vows to Tackle Woes
Bloomberg - 5/22/2013 11:56:38 PM
Slovenia is set to approve a constitutional cap on public debt after several delays as the nation seeks ... according to data compiled by Bloomberg. The country had its credit rating cut one level by Fitch Ratings to BBB+ May 17 on a worsening ...
Pakistan's new government must put development before debt repayment
The Guardian - 5/22/2013 2:49:38 AM
While the pummelling of northern Pakistan by unmanned US drones continues to fan the flames of extremism, the debt crisis provides the public with further evidence that their lives are expendable. In a country where 50 million people live below ...
PUBLIC VS. PRIVATE COLLEGE: Which Is Better For Your Wallet?
The Business Insider - 5/22/2013 10:02:07 PM
Take it from us –– you won't get far without a college degree ... Winner: Public Tuition is rising at both public and private universities alike, which means more students will be forced to take on student debt to pay their way. For the 2010-11 school ...
Germany is the 'Most Popular Country in the World'
CNBC - 5/23/2013 12:42:35 PM
Europe's largest economy, Germany, which has been criticized for not doing enough to help struggling euro zone countries, has topped a poll as the world's most popular country. The survey, carried out for the BBC, polled 26,000 people in 25 countries and ...
Japan panel warns of dangers if debt not addressed
Yahoo! News - 5/21/2013 2:50:49 AM
TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country ... public debt that, at more than twice the nation's annual economic output, is the biggest in the developed world.
Brazil prepared to 'write-off' around £600m of African debt
Daily Telegraph - 5/26/2013 1:26:08 AM
Latin America's economic powerhouse is increasingly expanding its economic ties with Africa, a sign of how crises in the ... countries set to benefit are new gas exploration hotspot Tanzania, which owes Brazil $237m (£157m), along with oil ...
Abu Dhabi- Debt Management Office to be launched this year
MENAFN - 5/22/2013 11:56:38 PM
(MENAFN - Khaleej Times) The Minister of State for Financial Affairs Obaid Humaid Al Tayer has said that the Debt Management Office (DMO) will be established in the country this year, after the public debt law is promulgated. Speaking to reporters on the ...
IMF Rethinking Role in Managing Sovereign Debt in Crises
Wall Street Journal - 5/23/2013 8:35:01 PM
The International Monetary Fund is rethinking its role in how sovereign debt is managed in crises, concerned that recent developments in sovereign debt markets threaten the effectiveness of its bailout programs. As the world’s emergency lender ...
US Government Debt Crisis Hovers in the Background, …
Yahoo! Finance - 5/22/2013 7:17:28 PM
Greece and the other debt-burdened European countries are merely the first carriages in the derailment of the "Sovereign Debt" Express train service. (Also read European Union: Changing the Rules in the Middle of the Game.) The failure of the ...
