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
It's time the government stopped trying to run the country like a private company
The Canberra Times - 1/30/2015 11:43:43 AM
In the business world, knowingly lying to your investors ... are the exact opposite of good private sector practice. Running a country is far harder than running a big company. While public companies are by law required to focus on the narrow measure ...
Prices in the 19 euro countries fall 0.6 percent annually in January as ECB readies stimulus
FOX News - 1/30/2015 10:53:37 AM
The figures showed a wide diversity between countries. Germany, the eurozone's biggest economy, had a rate of only 4.8 percent. Greece, still recovering from a crisis over too much government debt ... government spending and public jobs.
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 ...
The Country That Refuses to Bow Down to Western Bankers
Alter Net - 1/30/2015 5:45:48 AM
MS: Ever since the end of 2009 when the story of Greece’s sovereign debt crisis began to unfold, austerity-pushing political leaders around the world have been saying that their country must not ... a distinct Eurozone-wide public investment fund which ...
Germany: Talk of axing Greek debt 'divorced from reality'
Public Opinion - 1/30/2015 8:44:46 AM
ATHENS, Greece (AP) — Germany bluntly rejected suggestions that Greece should be forgiven repayment of its rescue loans, as a top eurozone finance official met on Friday the country's new left ... than half of Greece's the debt, and has already promised ...
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 ...
EU to Greece: ‘No question of cancelling debt’
RT - 1/29/2015 4:59:52 PM
The EU is not going to write off the external debt of Greece, as the country should ... if we say a new world was born after the elections. We respect the right of Greece to choose, but Greece has to respect others, to respect public opinion and members ...
UN Commission: Cancel Debt for Ebola Countries; West Africa Needs Debt Relief for Economy
Indy Bay - 1/30/2015 8:47:45 PM
Guinea, where the outbreak began, spent more money on debt than on public health in the year before the epidemic began. All three countries have poverty rates ... $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org
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 ...
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 ...
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 ...
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.
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 ...
Germany to Greece: Don't mess with us over debt, austerity
The News & Advance - 1/30/2015 8:54:54 PM
Greece's five-day-old radical left government insists it will honor pre-election promises to seek a cut on most of the country's rescue debt and scrap painful budget ... greater political clout and access to public funding, among other things.
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.