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, 2020See also: Public debt map
Could China’s Massive Public Debt Torpedo the Global Economy?
War on the Rocks - 12/2/2021 8:45:00 AM
China might be the creditor to the world, but it is also riddled with debt. Between public and corporate debt, China is one of the most indebted large
Emerging Markets Will Need Help When a Debt Crisis Comes
Barron's - 12/3/2021 1:30:00 PM
The IMF's critics are too quick to write it off, writes former Desmond Lachman of the American Enterprise Institute.
When was the last time we paid down the national debt?
Marketplace - 12/2/2021 12:00:00 AM
If Congress fails to strike a deal, the U.S. would default for the first time ever. At the end of October, the national debt stood at around $28.9 trillion. The amount held by the public, which includes foreign governments,
Laos opens railway to China as debt to Beijing rises
Central Illinois Proud - 12/3/2021 9:50:00 AM
After a blessing by Buddhist monks, Lao Prime Minister Phankham Viphavanh on Friday rode the first run of a $5.9 billion Chinese-built railway that links isolated, mountainous Laos
How a better debt management tool can aid transparency and spur economic growth
publicnow.com - 11/30/2021 3:37:00 PM
Just as debt is critical for development, it is vital for governments to track spending, measure progress, and have an idea of the debt landscape to maintain macroeconomic stability, and make sound financial decisions.
How Much Debt Should Goernment Issue Public Finance?
ICTSD - 11/23/2021 4:27:00 PM
How Much Debt Is Held By The Public? There is a public debt of over $22 trillion. The majority of the public debt is owned by foreign governments, while the rest is owned by the U.S. The Federal Reserve,
Laos-China railway to launch as debt to Beijing mounts
Tulsa World - 12/2/2021 2:02:00 AM
Laos, a nation of 7 million people wedged between China, Vietnam and Thailand, is opening a $5.9 billion Chinese-built railway that links China's poor southwest to foreign
Countries of the Region Urge for Rethinking the Financing Agenda for a Sustainable and Egalitarian Recovery
publicnow.com - 12/4/2021 5:58:00 AM
The current crisis must be harnessed as an opportunity for rethinking the financing agenda for the development of middle-income countries, such as those in Latin America and the Caribbean. This is the time to achieve a broad social and political consensus that would enable implementing ambitious reforms with the aim of forging a process of sustainable and egalitarian construction for the future,
Debt Forgiveness Can Spur Green Energy Transition in Southeast Asia
The National Interest - 12/2/2021 2:19:00 PM
Washington and Beijing can start by forgiving debt to encourage green investments. Delegations from nearly 200 countries recently left the 2021 UN Climate Change Conference (COP26) in defeat. The gathering was billed as a high-stakes sequel to the landmark 2015 Paris Agreement,
EU fiscal rules should offer realistic debt reduction, be more growth friendly - ECB
Reuters on MSN.com - 12/2/2021 4:13:47 PM
The European Union should change its fiscal rules to make them more supportive of growth and investment in fighting climate change and digitalisation as well as to make the rules on debt reduction more realistic,