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.

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.

Nonperforming loans will undoubtedly increase in response to the banking sector s exposure to some 1.7 trillion of local government debt, much of which was incurred during the stimulus of 2008 2009.

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.

The Territory's foreign debt stood at 50 million, while the domestic debt was estimated at 40 million.5

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

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.

Domestic public debt today stands at roughly 205 of GDP, compared to around 85 in 1995.

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.

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.

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.

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.

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.

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

The debt GDP ratio varies a lot by country.

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

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.

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.

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

Indeed, they may be easily absorbed as long as annual GDP growth remains at 8 9 and, most importantly, as long as local government borrowings are now contained.

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.

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

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.

Budget deficits automatically increase government debt, requiring higher future taxes to pay the interest on that debt.

Still more of the relationship comes from countries where inflation rates are higher when government debt is higher.

Canada's total government sector has also achieved the sharpest decline in the debt burden among G 7 countries since the mid 1990s.

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.

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.

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

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.

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.