Public Debt: A catalyst for economic development or recipe for economic disaster?

EDITO. The public debt of the most developed countries is expected to reach $59,000 billion this year, or 85 per cent of their GDP.

Targets raised by the Treasury in budgetary revenue and public debt by 2025 seem unattainable, they consider specialists.

Public Debt: A catalyst for economic development or recipe for economic disaster?

By:  Paul Appiah-KONADU(Dr), Cindy ODAME & Bismark OSEI  Government debt, also known as public, national, or sovereign debt, refers to the financial obligations incurred by a central government. This debt comprises both domestic and external components, arising from cumulative annual budget deficits and government borrowing. A budget deficit occurs when government expenditure exceeds revenues within a fiscal year. Public debt is a double-edged s…

The new projections for the performance of the Mexican economy presented by the Ministry of Finance and Public Credit (SHCP) are optimistic and seem to be “disconnected” from the situation that the activity is currently going through, economists from the financial sector said.