bne IntelliNews’ Post

Romania’s public debt hiked by €3.3bn in July to reach 52% of GDP #bne #bneEditorsPicks #Romania #debt Romania’s public debt (chart) measured by EU methodology rose by RON16bn or €3.3bn in July, which is a lot for a slow summer month with no FX bonds, according to data published by the finance ministry. Under the national definition of public debt—which includes borrowing from the government’s reserve fund held by the Treasury—public debt remained steady at RON1,033bn, or 58.5% of the year’s projected GDP.

Greece's public debt has decreased significantly from 207% of GDP in 2020 to 159.8% in Q1 2024, due to economic recovery and primary surpluses. This progress has restored Greece's investment-grade status, with ongoing rating upgrades. Projections suggest further debt reduction, potentially reaching 60% of GDP in 40 years with sustained reforms. This achievement highlights Greece's effective economic management and commitment to sustainable growth, which is highly commendable.

Uzbekistan's public debt jumps to $34.9bn, exceeding expectations #bne #bneEditorsPicks #bneChart #Uzbekistan Uzbekistan's public debt jumped to $34.9bn as of January 1, marking an increase of $5.7bn over the past year, according to a report released by the Ministry of Economy and Finance. The surge in debt exceeded expectations by $2.8bn.

Macron Gets Debt Reprimand as S&P Hits France With Downgrade. French government has missed its deficit reduction goals. S&P sees budget gap remaining above 3% of GDP in 2027 Here's an extract from S&P Ratings: France Long-Term Rating Lowered To 'AA-' From 'AA' On Deterioration Of Budgetary Position; Outlook Stable Overview - Contrary to our previous expectations, we project France's general government debt will increase to about 112% of GDP by 2027 from about 109% in 2023. - France's 2023 budget deficit was significantly higher than we previously forecast, reaching 5.5% of GDP. - Although we expect the recovery of economic growth and recently implemented economic and budgetary reforms will allow France to reduce its budget deficit, we now forecast it will remain above 3% of GDP in 2027. We therefore lowered our unsolicited long-term sovereign credit ratings on France to 'AA-' from 'AA' and affirmed the 'A-1+' short-term ratings. The outlook is stable. Source: Bloomberg, S&P

Romania’s public indebtedness slips above 50% of GDP, yet no corrective plan in sight #bne #bneEditorsPicks #romania #debt Romania’s public debt (chart) increased by RON7.4bn (€1.47bn) in April, despite a major RON23bn principal repayment that was apparently refinanced quickly, according to data published by the finance ministry. The stock of gross public debt reached RON852.8bn at the end of April, or 52.1% of the GDP in twelve months to March (latest rolling twelve-month GDP data available), up from 48.8% at the end of 2023.

The UK's national debt currently stands at approximately £2.7 trillion, over 100% of GDP. The Office for Budget Responsibility (OBR) has projected that debt interest spending will reach £73.5 billion in 2024-25, which would be around 7.8% of public receipts. NOTE THIS IS JUST PAYING OFF INTEREST. The governments approach to managing their debt is like taking out a new credit card to pay off old credit card debt. This isn't just a problem of a single party, this is the entire apparatus of government. These policies are unsustainable. Without significant changes, the national debt is forecasted to increase dramatically over the next few decades, potentially reaching 270% of GDP by the 2070s but no government can tackle this as the pain will certainly lead them to being voted out. The only escape is to own scarce assets. Full episode is here: https://lnkd.in/eDyQfbUm

Tunisia's economy is witnessing significant changes in its public debt dynamics: - Total public debt: From 67.75% of GDP in 2019 to an estimated 79.81% in 2024. - Domestic public debt: From 20% of GDP in 2019 to an estimated 33.6% in 2024. - External public debt: From 47.6% of GDP in 2019 to an estimated 46.1% in 2024. - Debt composition: In 2019, domestic debt was 29.6% of total public debt and external debt was 70.4%. By 2024, domestic debt is estimated to be 42.2%, with external debt at 57.8%. - Public debt service: From 7.8% of GDP in 2019 to an estimated 14% in 2024. - Domestic debt service: From 2.26% of GDP in 2019 to an estimated 7% in 2024. - External debt service: From 5.5% of GDP in 2019 to an estimated 7% in 2024. - Total borrowing resources: From 7.9% of GDP in 2019 to an estimated 16% in 2024. - Domestic borrowing resources: From 2.1% of GDP in 2019 to an estimated 6.7% in 2024. - External borrowing resources: From 5.8% of GDP in 2019 to an estimated 9.3% in 2024. #TunisiaEconomy #PublicDebt #EconomicOutlook #DomesticDebt #ExternalDebt #GDP #FinancialStability

Government debt rises by N$1.7bn in June: The Bank of Namibia says domestic government debt increased by 1.44% to N$119 billion in June 2024 compared to N$117.3 billion in May. This represents an increase of N$1.7 billion month-on-month and in addition, domestic debt rose by 10.18% on a year-on-year basis.   According to Simonis Storm Securities, the domestic debt to GDP ratio […]

Just for information Remark: at one year distance, we observe the major increases of the public debt in central and eastern EU Member States (closer to Russia) and the major reductions in Mediterranean countries (like Greece, Spain and Portugal, that are among those having the highest level of debt).

💹Brazil National Government Gross Debt reached BRL 8.90 trillions in August 2024. 💹Brazil National Government Net Debt reached BRL 7.03 trillions in August 2024. 📈Brazil Government Gross Debt accounted for 78.6% of the country's GDP in August 2024. 📈Brazil Government Net Debt accounted for 62.0% of the country's GDP in August 2024. 💹In 2014, the public Gross Debt of Brazil was around BRL 3.25 trillion. In August 2024, the public Gross Debt of Brazil was around BRL 8.90 trillion. 💹In 2014, the public Net Debt of Brazil was around BRL 1.88 trillion. In August 2024, the public Net Debt of Brazil was around BRL 7.03 trillion. 📈In 2014, the public Gross Debt of Brazil accounted for 56.3% of the country's GDP. In August 2024, the public Gross Debt of Brazil accounted for 78.6% of the country's GDP. 📈In 2014, the public Net Debt of Brazil accounted for 32.6% of the country's GDP. In August 2024, the public Net Debt of Brazil accounted for 62.0% of the country's GDP. #brazildebt #brazil #GovernmentDebt