Nkrumah argues that the evidence of the improved debt situation lies in the fact that, even including the financial sector bailout, the debt-GDP ratio
which measures debt sustainability remains at 56%, thus negating the NDC's claims of ballooning debt.
National security of a country stands compromised if economy suffers because of organized tax evasion and resultant rise in Debt-GDP ratio
which is what is happening in Pakistan.
'But how do we respond to this high debt-GDP ratio
? We responded by the Bill of Rights, every American could go to school.
Statistics from the International Monetary Fund indicate that China's corporate, government, and household debt has added around USD 23 trillion in the past decade, while its debt-GDP ratio
has increased by around 100 percentage points.
"Lebanon is one of the countries more exposed in the hard currency space, especially given its high debt-GDP ratio
," Quijano-Evans, said.
For example, the debt-GDP ratio
of most developed countries ranges 80-100 per cent, and over 200 per cent for with Japan (IMF, 2015).
2 percent surge in debt stock was due to increase in domestic debt following the issuance of retail treasury bonds in the last quarter of 2017."From a high of nearly 75 percent in 2004, debt-GDP ratio
was drastically reduced to below 45 percent, owing to prudent debt management, fiscal discipline, and economic growth," the DOF said."The economy has been outgrowing debt in the past years, meaning, the country's capacity to service its debt has been improving," it added.
From a high of nearly 75 percent in 2004, Beltran said that debt-GDP ratio
was "drastically" reduced to below 45 percent owing to prudent debt management, fiscal discipline, and economic growth.
Indias external debt has remained within manageable limits and the external debt situation has improvedin 2016-17over 2015-16 as indicated by the increase in foreign exchange reserves cover to debt to 78.4 per cent from 74.3 per cent,and fall in the external debt-GDP ratio
to20.2 per cent from 23.5 per cent.
The debt-GDP ratio
will increase insignificantly in 2016 before stabilising next year and beginning to decrease in 2018.a
The Debt-GDP ratio
was to be reduced and the tax-GDP ratio had to be picked up considerably by introducing VAT.
Korea's household debt-GDP ratio
was higher than the 74 percent average of advanced economies and more than doubled the 40 percent average among Asia's emerging economies.