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
Greece Wants a Debt Break. What About Its Poorer Neighbors?
Bloomberg - 1/28/2015 9:40:14 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.
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 ...
Russia's credit cut to 'junk' a blow to aspiring world power, but immediate fallout is limited
FOX News - 1/27/2015 9:38:26 AM
MOSCOW – 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 ... country that has very low levels of public debt. Analysts at SEB, a leading Nordic ...
Thanks for Democracy, Greece, But Don't Let the Door Hit You on the Way Out of 1st World!
Reason - 1/26/2015 11:12:40 AM
Researchers affiliated with the University of Massachusetts at Amherst discovered a coding error in Reinhart and Rogoff's data, re-ran the numbers and concluded "the average real GDP growth rate for countries carrying a public-debt-to-GDP ratio of over ...
Is Greek government debt really 177% of GDP?
Financial Times - 1/26/2015 1:43:00 PM
This is the so-called International Public Sector Accounting Standards (IPSAS), the equivalent for governments of the International Finance Reporting Standards (IFRS) used by companies across the world ... estimating a country’s debt appears to make ...
A Debt is A Debt: IMF Chief to Greece
NDTV - 1/19/2015 10:33:51 PM
Dublin: IMF chief Christine Lagarde on Monday warned of "consequences" if European countries try to renegotiate their debts ... Union - and a partial cancellation of its enormous public debt. He has called for a conference of creditors and frequently ...
Tsipras vs. Merkel on Greek debt: Unstoppable mandate faces immovable stance? (+video)
The Christian Science Monitor - 1/28/2015 4:29:26 AM
"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."
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 ...
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 ...
Greek Debt: Are There Really Any Options?
Greek Reporter Greece - 1/24/2015 3:01:07 AM
It has been interpreted as a warning to the Greek electorate ahead of its January 25 election as left-wing party Syriza runs on a platform of easing the country ... to the IMF’s World Economic Outlook, Greece’s sovereign debt stands at 300 billion ...
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 ...
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 ...
Federal debt will explode over next 10 years, CBO says
The Miami Herald - 1/26/2015 3:05:55 AM
“Federal debt remains greater relative to the (overall economy) than at any time since just after World War II,” the CBO report says. The CBO looked at federal debt held by the public ... is deeply ingrained. As a country we aren’t paying it forward.”
Ruth Marcus: Debt is mission unaccomplished
The Commercial Appeal - 1/28/2015 6:02:30 AM
The CBO put the ugly picture of the trajectory of federal debt on the cover of this year’s report, and for good reason. At the end of this fiscal year, debt held by the public (the most ... to keep borrowing more from countries like China.
Syriza’s Rise Fueled by Professors-Turned-Politicians
Wall Street Journal - 1/22/2015 11:56:12 PM
He adds: “We are not ashamed of that.” In the tradition of John Maynard Keynes, Syriza advocates public spending to reignite economic growth. Greece can afford to spend more if some of its debt is forgiven by other countries.