External public debt

The national debt has grown too large for the National Debt Clock.

The required cut is large eliminating half of Greece s public debt obligation would leave it at nearly 80 of GDP, a ratio higher than Spain s.

Servicing of external public debt

Some analysts most prominently Jeffrey Sachs have argued that the best way forward is to cut the yield on Greek debt to that of German public debt.

This, too, complicates the public debt dynamics and impedes the restoration of public debt sustainability.

This does not mean that we should ignore the level of debt.

A similar pattern holds for public debt.

a Excludes official public debt.

C. Public debt in the ESCWA region

The level of debt service continues to constrain import capacity and hamper growth.

At the level of developing countries, foreign debt has multiplied fifteenfold in two decades.

The current favorite bogeyman is public debt.

Public debt in the Gulf Cooperation Council countries

And it is in America s public debt that the debris of its financial system s broken promises are collected, just as Italy s massive public debt reflects its past national prodigality.

The total public debt of the country is about 72 billion.

Public debt in the more diversified economies

To move forward, the Secretary General has proposed that debt sustainability be redefined as the level of debt that allows a country to achieve the Millennium Development Goals by 2015 without an increase in its debt ratios.

Turkey s unemployment rate is currently at its lowest point in a decade, and the public debt ratio is significantly below the pre crisis level.

Several speakers expressed their support for the Secretary General's proposal to define debt sustainability as the level of debt that would allow a country to achieve the Millennium Development Goals by 2015 without an increase in debt ratios.

As a result, public debt fell to 28 of GDP region wide in 2008, from 51 in 2003.

But the debate about austerity and the cost of high public debt levels misses a key point Public debt owed to foreigners is different from debt owed to residents.

High public debt levels would still have to be reduced to create fiscal space and keep interest rates low enough to restore long term confidence.

Source 2002 Household living standard Survey, General Statistic Office

The provision for consultancy for a (Mr. Mselle) Special Representative of the Secretary General at the Under Secretary General level and for a resident Deputy Special Representative of the Secretary General at the Assistant Secretary General level required additional clarification and justification.

nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp Fiscal transfers from more prosperous areas to lagging or distressed regions.

Fiscal transfers from more prosperous areas to lagging or distressed regions.

Monetary policy can be used in countries where interest rates remain high, but its effectiveness in a credit squeeze is likely to be limited. Fiscal policy must, therefore, play a central role.

Regrettably, the Conference had not risen to the Secretary General's call.

European leaders seem to be moving in this direction. The required cut is large eliminating half of Greece s public debt obligation would leave it at nearly 80 of GDP, a ratio higher than Spain s.

With a projected drop in GDP of 7 this year and a sustained deficit, the debt ratio would exceed 130 before stabilizing at 120 in 2020.

In Lebanon, persisting high levels of public debt forced the Government to direct much of its expenditure towards debt service.

History offers two clear lessons reducing public debt is incredibly difficult without growth, and increasing growth is incredibly difficult with a huge burden of public debt.

The crisis led to a 30 percentage point jump in the public debt ratio.

The government has pledged to apply the proceeds of sales to reducing the public debt and the budget deficit.

Mr. Noureddine Bensouda (Morocco). Director General of Taxation, Ministry of Finance and Privatization.

His Excellency Prof. Ekmeleddin Ihsanoglu, Secretary General of the Organization of Islamic Conference

At a minimum, that would mean reducing the deficit to a level that stops the rise in the debt to GDP ratio.

150. The Committee further notes that economic factors, including a high level of external debt, have adversely affected the situation of children.

16. The methodology to determine the level of the education grant and the review of the level of the education grant are dealt with in paragraphs 31 to 33 of the Secretary General apos s statement.

The Inspector General shall receive the salary and emoluments paid at a level equivalent to that of the Administrator of UNDP.

Perhaps the greatest obstacle will be the huge legacy of public debt, which now averages about 110 of GDP in the advanced economies the highest level since World War II.

35. The Committee notes that economic factors, including a high level of external debt, have made the full application of the Convention more difficult.

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

In 2004, a substantial part of the budget surplus was used to repay public debt.