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, 2014See also: Public debt map
Why Europe Is Drowning Beneath a Tidal Wave of Debt
News Week - 7/26/2015 3:23:18 PM
In 2011, Greece's public debt was €356bn and its debt to GDP ratio was ... was by no means unique – many countries in the developed world saw big build-ups of debt, whether by households, companies, financial institutions or governments.
IMF warns Japan over its staggering national debt
CNN Money - 7/24/2015 11:58:05 AM
Japan's debt will be ... gigantic debt. The country is still recovering from a decades-long deflationary period, during which Tokyo borrowed ambitiously to fund programs aimed at boosting growth. Going forward, the IMF says the world's third-largest ...
Ghana’s slow progress on debt raises default risk
Bloomberg - 7/28/2015 7:02:50 PM
Public debt is likely to rise well above 70 percent of GDP in 2015, putting the country at greater risk of sovereign default ... percent at present from 10 percent in late 2011. While the World Bank’s guarantee of $400 million of the planned Eurobond ...
Can the Chinese government control the stock market?
CNN - 7/28/2015 7:24:19 PM
He is the author of "Sovereign Wealth Funds: The New Intersection of Money and Power" and has published in Review of International Economics, International Finance Review and Journal of Public Economic ... a hard landing in the world's second largest ...
IMF Executive Board Concludes Annual Discussions on CEMAC Countries Common Policies
MENAFN - 7/28/2015 7:21:20 AM
As a result of these and other debt-related developments regional public debt is rising ... Jul 28 2015 - 'Kuwait One Of Top Countries In World Suffering From Diabetes', Arab Times (MENAFN - Arab Times) The following is an interview with Dr Kazem Behbehani ...
National Debt Forgiveness Reduces Tax Efforts, Perpetuates Aid Dependence, New Research Finds
Busbyway - 7/27/2015 6:13:55 PM
The international finance community, which includes The World Bank and the International Monetary Fund, has earmarked as much as $400 billion for debt write-offs in more than 50 developing countries since 1996. Although a debt write-off may be considered ...
World Bank Appoints Oteh As Vice President And Treasurer
Channels Television - 7/24/2015 11:53:55 PM
Engage in her capacity as one of the World Bank’s key representatives, with outside stakeholders including Global Private Sector Financial Institutions, the financial media, sovereign debt and reserve managers in client countries, as well as ratings ...
Greece’s debt may not be so daunting
The Record - 7/24/2015 7:54:42 AM
Sure, its per capita GDP remains high — almost $26,000 in 2014, taking into account purchasing power parity, making it 44th in the world ... countries to which the IMF applies the low-income framework: most of its debt — 79 per cent — is held by ...
IMF supports Ja’s debt sale
Jamaica Observer - 7/24/2015 8:01:52 AM
It’s an important step in reducing the value of the country’s public debt and will help to put debt ... saying the island is making progress in lowering debt levels that remain among the world’s highest. Moody’s Investors Service raised its grade ...
Greece rocked by reports of secret plan to raid banks for drachma return
theguardian.com - 7/26/2015 7:12:22 PM
said the move would have allowed pensions and public sector wages to be paid if Greece were forced out of the euro. Related: Who’d be young and Greek? Searching for a future after the debt crisis “The main reason for that was for the Greek economy and ...
Arunma Oteh Appointed World Bank VP & Treasurer
Bella Naija - 7/24/2015 12:41:02 PM
in her capacity as one of the World Bank’s key representatives, with outside stakeholders including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings ...
My Turn: Let’s relieve college students of the burden of debt
Concord Monitor - 7/25/2015 4:11:37 AM
My father, Tom O’Malley, a World War II bombardier ... of our students – 70 percent – are graduating with debt. In New Hampshire, they’re carrying the highest student loan loads in the country, averaging more than $32,735. This is a crisis.
Gh¢90 billion Ghana debt not unsustainable – Terkper
Ghana Web - 7/28/2015 2:13:31 AM
Let's face it," he said adding the country must change course if it has to deal with some of the power crisis and some of the difficult challenges facing the economy. He was speaking on Joy FM's Newsfile programme on Ghana's increasing public debt.
UPDATE 1-Austria's top court overturns 2014 Hypo debt haircut law
CNBC - 7/28/2015 8:47:14 AM
It is repealed in its entirety," the Constitutional Court said in a statement, ruling that public guarantees ... The junior debt holders included Austrian insurers Uniqa and Vienna Insurance as well as the World Bank and German funds.
Greek Crisis Holds Lessons in Transparent Public Finance
The New Indian Express - 7/25/2015 5:47:39 PM
The two great World Wars ... developing countries have many lessons to learn from the Greek crisis. Economic growth, transparent public finance, effective regulators and informed citizenry are vital for the transforming economies. Public debt can be ...