|Rank||Country||Public debt (% of GDP)|
|7||Congo, Republic of the||130.8|
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
Israel public debt to GDP ratio dips to 70.3% in 2021 -Finance Ministry
Reuters - 1/19/2022 12:54:00 PM
Israel's public debt slipped to 70.3% of gross domestic product in 2021 from 71.7% in 2020, the Finance Ministry said on Wednesday in a preliminary estimate of its debt ratio.
IMF Says Chad Debt Plan Needed by End-March as Conditions Worsen
U.S. News & World Report - 1/18/2022 4:39:00 PM
The International Monetary Fund said on Tuesday that public and private creditors need to finalize a debt restructuring plan with Chad by the end of March to restore durable growth amid worsening conditions in the African country.
Reducing public debt need not be a punishment
Vox - 1/18/2022 2:23:00 AM
An important vulnerability of the EU economy is high public debt levels. This column proposes revisions to the EU fiscal rules to stimulate debt reduction, which would create budgetary room for stabilisation and growth-promoting spending and also support growth convergence among member states.
Judge Approves Puerto Rico Debt Restructuring, But Unelected “Junta” Could Remain for Years Longer
Democracy Now - 1/19/2022 3:21:00 PM
In a major development, a federal judge on Tuesday approved a plan to restructure Puerto Rico’s massive debt. The proposal was presented by the territory’s U.S.-imposed Fiscal Control Board, and it reduces the biggest portion of the island’s debt,
Sri Lankan 'debt trap' a creation of the West
China Daily - 1/19/2022 12:29:00 AM
True, Sri Lanka has a relatively high debt, but it's not facing a debt crisis. Sri Lanka's foreign debt of $35 billion accounts for about 75 percent of its GDP, while that of many Western countries exceeds 100 percent of their GDP.
Stop saying student debt relief is for the rich
Newsday - 1/19/2022 5:00:00 PM
When people debate whether to forgive some or all of the $1.75 trillion in student debt weighing on millions of American families, opponents often argue that it would be wasteful and unfair: Too many
Revised EU fiscal rules to balance investment, debt reduction
Reuters on MSN.com - 1/18/2022 4:42:48 PM
The main thrust of the revision of the European Union's fiscal rules, now under way, is to balance the 27-nation bloc's large investment needs with a realistic pace of debt reduction, French Finance Minister Bruno le Maire said on Tuesday.
Nigeria’s debt stock hits N39.6tn in 11 months – Reports
The Punch on MSN.com - 1/17/2022 12:00:00 AM
Sami Tunji Published 17 January 2022The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, The PUNCH has learnt.The Minister of Finance, Budget and National Planning,
Euro zone eyes slower debt reduction rule, ways to boost compliance
Nasdaq - 1/17/2022 4:04:00 PM
European Union countries broadly agree they need to change EU laws to allow slower debt reduction, move away from complex calculated indicators and come up with an EU fiscal framework that is actually respected,
IMF Urges Creditors to Finalize Chad Debt Talks by End-March
BloombergQuint - 1/19/2022 12:28:00 AM
The International Monetary Fund urged public and private creditors to complete a renegotiation of Chad’s loans by the end of March, a critical step to restore the sustainability of the nation’s debt.