With less than two weeks to go in the election campaign, ignorance about the public debt is still clouding the debate. Say you had the opportunity to take out a loan at a reasonable interest rate to buy a house. In our current housing market, this could potentially save you tens or even hundreds of thousands of pounds in rent over a lifetime. Would that be a sensible economic decision?
From the ancient ages to today, administrations needed continuous financing and met this financing with various sources. The process of social development necessitated public borrowing for different purposes ranging from creation of a consumer society to sell the surplus of developed countries to postwar human relations and from the development financing of developing countries to the payment of debt by debt. Particularly after World War II — , the developed countries provided the external resources to developing countries for development financing. As a result of the increase in the mobility of capital in the process of globalization especially short-term speculative capital investments , developing countries were dragged to the debt-interest helix problem and the external debt crises.
Thailand recorded a government debt equivalent to Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Learn More Questions? Contact us Already a Member?