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Q: How do you figur out the public debt of a country?
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What steps would be recommended to lower public debt to manageable level?

If for example your country has high public debt-GDP ratio. What steps would you recommend to lower public debt to manageable level?


What is the deficit always than the public debt?

The deficit is always smaller than the public debt.


How big is the Canadian public debt?

The Canadian public debt, which is also called the "national debt" or the "public debt" in Canada. The cost of the debt is constantly changing. You can find up to date information from a Canadian based website called Debtclock (the website will end in a Canadian domain of .ca)


What was the public debt in 2010?

12083347000000


Why public debt bad?

Public debt means that your town, state or country is spending more money each year than it is 'earning' (i.e. coming in form taxes). To do this your town, state or country has to borrow money and then pay interest on these borrowings in just the same way you would have to it you borrowed money yourself. If steps are not taken to reduce the overspending and pay back the money borrowed the sum required for interest gets larger and larger leaving less money for your town, state or country to spend on roads, schooling, security etc. It becomes a vicious, unsustainable cycle which eventually means that your town, state or country can no longer pay back the debt or deliver public services - the town, state or country goes bankrupt. At this point your country's currency becomes worthless and hyper inflation sets in and business and commerce stops. Further the people that have loaned you the money for the debt now come in and take charge of your town, state or country and control it ans squeeze it to get their money back no matter how much this hurts the people of your town, state or country. You do not want to go there ! public debt is BAD.

Related questions

What steps would be recommended to lower public debt to manageable level?

If for example your country has high public debt-GDP ratio. What steps would you recommend to lower public debt to manageable level?


Which country invented the meatball?

i am not verry sure were they came from but i will answer this again when i figur it out kk :) x


Is Public debt or External debt bigger?

The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240,281.19 that over 16 Trillion dollars. The external debt is approximately $15,940,978 that is a lot less than the public debt.


What is the public debt?

The public debt is the debt that the United States government owes to other countries.


Current trends of public debt in India?

trends of public debt in india


What are the Advantages and disadvantages of public debt?

The biggest disadvantage of public debt is the fear of it leading to excessive inflation. The advantage of public debt is the leveraging of public assets to provide services.


How did the opinions of the Jeffersons and Hamilton regarding the public debt differ?

The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hurt them and the country as a whole. On the other hand Hamilton had a plan that depended on a certain amount of the actual public debt itself, so he did not want to get rid of it.


How the the opinions of Jefferson and hamilton regarding the public debt differ?

The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hurt them and the country as a whole. On the other hand Hamilton had a plan that depended on a certain amount of the actual public debt itself, so he did not want to get rid of it.


How did the opinion of Jefferson and Hamilton regarding the public debt differ?

The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hurt them and the country as a whole. On the other hand Hamilton had a plan that depended on a certain amount of the actual public debt itself, so he did not want to get rid of it.


What is the deficit always than the public debt?

The deficit is always smaller than the public debt.


When was Ottoman Public Debt Administration created?

Ottoman Public Debt Administration was created in 1881.


How about going out tonight?

Figur it out Sherlock!