National Budget and Public Debt

22, Nov 2018, EST. Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

Countries Included: All world countries, economic regions, geographical regions
Years Covered: From 1993 to 2014
Indicators: Over 50 indicators from our database of 1,000 are currently display by Econ Stats
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International
Last Updated: 17th March 2015

A countries national budget refers to the expenditure of its government. Income is made up of tax receipts, and shortfalls are made up by borrowing - that is the public debt. The budget is spent on national services such as the military, health care, education and infrastructure. Countries with high debt levels need to spend increasing amounts on debt servicing. If their finances are risky they can have a ratings downgrade, further pushing up costs of borrowing, and leading to risks of default, which can lead to currency devaluation and the need (voluntary or forced) to impose austerity measures on their nation. Countries are therefore considered to be healthier when they run low public debt levels. The European Union requires member of the single currency to run deficits of less than 3% each year, although the ruling is not enforced.

National Budget and Public Debt - Economic Statistics By Country
Economic Indicator Listing in Year 2015
  National Budget and Public Debt   Value  
Data is not available