Ontario
Which National Has The Largest National Debt?
I think it is Zimbabwe with 304.30 %. I don't have the actual amount of it.But we have to notice is Japan’s Public sector debt is very high. However, Japan has a high savings rate which makes it easier for the government to finance the debt. 90% of Japanese debt is owned by Japanese individuals. US has a low savings ratio and 25% of US debt is owned by foreigners. Nevertheless the National Debt of Japan is a real burden for the economy.
Debt
Debt
Countries run by f4387ucking idiots
Also the top countries are being running by idiots
It's not surprising that the biggest countries have the largest debts. Just as with most of us, the wealthiest have more ability to borrow.
Ireland has the largest public debt, followed by Britain. America is in 15th position.
www.cnbc.com Mackerel
www.cnbc.com Mackerel
It is surprising that the two countries that have the highest national debt are not undeveloped countries, or the countries we commonly refer to as Third World countries. The two biggest culprits in the national debt trap are the governments of the United States of America and Japan, two of the most highly industrialised and powerful nations of the world.
The present US administration, led by President George W. Bush currently has borrowings to the tune of $4.3 trillion and is expected to skyrocket to almost thrice that figure by the time the president finishes his second term in office in 2008.
Since 1993, the government of Japan, Asia's richest economy, has run up a national debt amounting to a whopping 170 per cent of the country's gross domestic product. The government of Brazil, which is one of the largest but among the developing countries of the world, ironically has the lowest national debt in the world.
The present US administration, led by President George W. Bush currently has borrowings to the tune of $4.3 trillion and is expected to skyrocket to almost thrice that figure by the time the president finishes his second term in office in 2008.
Since 1993, the government of Japan, Asia's richest economy, has run up a national debt amounting to a whopping 170 per cent of the country's gross domestic product. The government of Brazil, which is one of the largest but among the developing countries of the world, ironically has the lowest national debt in the world.
Well the U.S when it adds up its debt does not add medicare and other large industries that if they add up cause usès debt to rise to nearly 80trillion also with government owned healthcare and medicare as it is now happening will raise this debt to more than 10 trillion than what it currently is.
