And the government debt to GDP ratio is around 190 , compared to 120 in Greece.

In 2012, French government debt levels reached 1.8 trillion euros, the equivalent of 90 of French GDP.

Indeed, the government debt to GDP ratio is about 20 , compared with more than 80 in the United States, 160 in Japan, and 60 90 in Europe.

In addition to estimating financing gaps and identifying the sources of financing (including different scenarios of debt rescheduling), DSA includes an analysis of debt dynamics to determine the stability of debt to GDP or debt to government revenue ratios.

Government debt will no longer be backed up by taxpayers assets.

No one wants to navigate the precarious government debt dynamic that Japan faces, with debt levels far above 100 of GDP (even if one factors in the Japanese government s vast holdings of foreign exchange reserves.)

If Greece had to borrow at the market interest rate on ten year bonds, its deficit would rise by 6.5 of the Greek government debt or 11 of GDP.

At that point, government debt will no longer be backed up by taxpayers assets.

Remarkably, Japanese savers soak up some 95 of their government s debt.

All central banks need to do is to keep printing money to buy up government debt.

Add the open public debt of 67 of GDP to this total, and the result is an overall German debt GDP ratio of about 340 .

But all parts of a country s total debt and how it is financed are interconnected.

Chief among these changes has been the adoption, in most countries, of flexible exchange rates and reduction of external debt, particularly government debt.

A direct effect of the higher interest rate would be to increase the budget deficit and the rate of growth of government debt.

But such a strategy can work only in countries where the duration of the government s debt is long and the interest rate on that debt is fixed.

Markets encourage the required debt discipline in a timelier manner by charging higher interest rates on government debt.

In the US, the costs include more than eight million jobs lost since 2007, an increase in government debt relative to GDP of around 40 (mostly due to lost tax revenue), and much more.

In all four countries, there has been a sizeable upward trend in government outlays as a share of GDP

After varying between 25 and 50 of GDP for the past half century, the recent budget deficits have caused the debt to reach 62 of GDP.

The annual budget deficit is nearly 10 of GDP, higher than any of the eurozone countries. With nominal GDP stagnating, that deficit is causing the debt GDP ratio to rise by 10 annually.

As a result, America s public debt has reached roughly 140 of GDP.

The debt GDP ratio varies a lot by country.

France s debt GDP ratio is already around 90 even if its 2013 budget deficit does not exceed 3.5 of GDP, its debt GDP ratio will have climbed to 93 by the end of the year.

But the phrasing in Growth in a Time of Debt also misled European Commissioner Olli Rehn and many others to argue that when government debt reaches 80 90 of GDP, it starts to crowd out activity.

So raising inflation is no cure for the government s current debt or future deficits.

It remains to be seen whether the outcome will be decided on the basis of unemployment or state debt.

The difference between the overall deficit and the primary deficit implies that the interest on the Greek national debt this year will be 4.1 of GDP.

In 2003, general government expenditure amounted to 48.5 of GDP, above the eurozone average.

Recent studies show that once a government s debt burden reaches a threshold perceived to be unsustainable, more debt will only stunt, not stimulate, economic growth.

To pay back the debt without strain, we need a booming economy. Talk of government spending cuts is premature.

India s external debt burden is even more favorable, at only 21.2 of GDP (much of it owed by the private sector), while short term external debt is only 5.2 of GDP.

Owing to strong GDP growth, the debt to GDP ratio decreased from 100.2 per cent to 95.1 per cent.

Each downward revision implies postponement of the date on which the debt GDP ratio will peak.

Its debt to GDP ratio stood at 113 by the end of 2009.

Aid levels are comparable to GDP, with donors covering roughly two thirds of government expenditure and the entire current account deficit, which amounts to 40 of GDP.

Measured over a five year period (2007 2012), the US has thus not done any better than the eurozone, although it has relied on a much larger dose of fiscal expansion.

For Greece, with an overall deficit of 4.1 of GDP and a debt GDP ratio of 170 , the debt ratio would fall if the combination of inflation and real (inflation adjusted) GDP growth exceeded 2.4 .

In 2004, state spending for education amounted to 3.6 of the GDP, or 13 of the consolidated state budget.

In 2004 state spending for education amounted to 3.6 of GDP, or 13 of consolidated state budget.

Government spending on health has been increased, and it will be raised to two to three per cent of GDP over the next year.

In the short to medium run, fiscal consolidation whether in the form of cutting government spending or increasing revenues results in lower output and employment, which means lower tax collection, higher deficits, and escalating debt relative to GDP.

Even if this widens the deficit in the short run, it will reduce the national debt in the long run.

Greek public debt today stands at nearly 160 of the country s official GDP.

Spain and Ireland had fiscal surpluses and low debt GDP ratios before the crisis.

It is likely to rise to more than 60 of GDP by the end of 2010, with the debt to GDP ratio continuing to increase.