He noted that especially if the stress test results, to be announced on October 26, show no capital shortfall for the Cypriot banks or needs below the programme's e1/41 bln buffer, there will be no increase in the island's public debt
and the downward trend will continue.
The Finance Ministry said it tried hard to keep the ratio of public debt
compared with Gross Domestic Product (GDP) below international and GCC levels.
In Latin America and the Caribbean Islands, public debt
at the end of 2012 was $2.
It understands, however, that the companies to which the public debt
policy applies will be allowed to access capital market financing without an explicit guarantee from the government.
In this paper, Floden's (2001) economy is extended to take into account the short-run effects of public debt
that we capture by modeling explicitly the transition from one steady state toward another.
It also pointed out that the Italian public debt
, which exceeded in recent weeks 123 percent of total GDP, rose during the first half of 2012 by EUR 75 billion from its total volume of EUR 1,898 billion at end of 2011.
Official said that government was need to contain primary deficit through enhancing revenues and rationalization of current expenditure particularly untargeted subsidies and to improve the external debt sustainability, foreign exchange earnings needs to be enhanced through focusing on exports, workers' remittances and attracting foreign investment so that public debt
can be made sustainable.
A senior finance ministry official said in February that he expected the UAE's first-ever federal sovereign bond issue to be around $1 billion, and that it would take place after the public debt
bill was approved.
Data from the European Commission show that the ratio of Greek public debt
to gross domestic product, which reached 143 percent in 2010, was already 105 percent in 2007.
This Tuesday, Emirates 24/7 reported that the UAE gross public debt
is estimated at around $236.
An earlier version of the legislation discussed last year had said public debt
should not exceed 45 percent of GDP, or 300 billion dirhams.
The Public Debt
Management Unit will, among other things, be responsible for the development of strategies for debt and risk management and would refer those strategies to the cabinet as part of its objectives aimed at strengthening the country s financial situation, Emirates News Agency (WAM) reported.