Posted by Danielle Serebro (Collaborative Africa Budget Support Initiative (CABRI), Pretoria, South Africa) for the Public Financial Management Blog
Public debt transparency depends on three key conditions: (i) effective recording, (ii) an extensive reporting function, and (iii) a willingness to share debt-related information (UNCTAD, 2018). Anomalous cases, such as Mozambique, where “off-book” loans were contracted to purchase fishing vessels and military equipment, and Zambia, which is suspected of hiding substantial external debt, have contributed to a general perception that African countries are unwilling to share their debt data and do not meet the third condition of debt transparency.
CABRI, through its Africa Debt Monitor (ADM), a platform for peer-exchange on African central government debt, has learnt that this general perception is false. More than half of the countries approached to participate in the ADM voluntarily completed an extensive three-part survey covering domestic- and foreign-currency debt, risk benchmarks and contingent liabilities, and cash- and debt-management institutional arrangements, policies and practices.
What seems to matter for governments is that they have a say in how their data is collected and used, and that data collection exercises result in insights and tools they find relevant and useful. The ADM was developed by CABRI in consultation with African debt management offices (DMOs) and provides the type of debt-related information that officials consider a prerequisite for making informed decisions and promoting debt sustainability. It features multiple tools that include (i) individual country debt profiles; (ii) cross-country comparisons of debt management practices and procedures; (iii) individual country data tables; and (iv) the Debt Data Explorer. These tools facilitate peer-learning and inter-country exchanges on debt management.
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Showing posts with label government_debt. Show all posts
Showing posts with label government_debt. Show all posts
Thursday, 28 November 2019
Monday, 27 February 2017
The crowding out effect from the European debt crisis perspective: Eurozone experience
an article by Baki Demirel and İlhan Eroğlu (Gaziosmanpasa University, Tokat, Turkey) and Cumhur Erdem (Abant İzzet Baysal University, Bolu, Turkey) published in International Journal of Sustainable Economy Volume 9 Number 1 (2017)
Abstract
The present study aims to measure the crowding out effect for the countries in the Eurozone that have tried to finance budget deficits through borrowing. We have examined the effects of government debt, government expenditure, interest rate and growth rate on private investments for the 2000-2015 period.
The results show that government debt, government expenditure, interest rates and budget deficits all affect private investment negatively and the impact of economic growth is positive.
The findings of the study support the existence of the crowding out effect in the Eurozone for the period of 2000-2015.
Abstract
The present study aims to measure the crowding out effect for the countries in the Eurozone that have tried to finance budget deficits through borrowing. We have examined the effects of government debt, government expenditure, interest rate and growth rate on private investments for the 2000-2015 period.
The results show that government debt, government expenditure, interest rates and budget deficits all affect private investment negatively and the impact of economic growth is positive.
The findings of the study support the existence of the crowding out effect in the Eurozone for the period of 2000-2015.
Friday, 26 October 2012
Euro area government debt up to 90.0% of GDP
via Eurostat News releases
At the end of the second quarter of 2012, the government debt to GDP ratio in the euro area (EA17) stood at 90.0%, compared with 88.2% at the end of the first quarter of 2012.
In the EU27 the ratio increased from 83.5% to 84.9%. Compared with the second quarter of 2011, the government debt to GDP ratio rose in both the euro area (from 87.1% to 90.0%) and the EU27 (from 81.4% to 84.9%).
These data are released by Eurostat, the statistical office of the European Union.
Full statistical release (PDF 4pp)
At the end of the second quarter of 2012, the government debt to GDP ratio in the euro area (EA17) stood at 90.0%, compared with 88.2% at the end of the first quarter of 2012.
In the EU27 the ratio increased from 83.5% to 84.9%. Compared with the second quarter of 2011, the government debt to GDP ratio rose in both the euro area (from 87.1% to 90.0%) and the EU27 (from 81.4% to 84.9%).
These data are released by Eurostat, the statistical office of the European Union.
Full statistical release (PDF 4pp)
Monday, 30 July 2012
Structure of government debt in Europe in 2011
Eurostat Statistics in Focus Issue number 34/2012
Upward trend in the EU government debt level continued in 2011
In order to analyse the debt structure in Europe, Eurostat conducts an annual survey to collect data from Member States information on debt by holder, instrument, maturity, currency of issuance, as well as guarantees granted by the government to non-government units. This publication examines the main results of the latest questionnaire, fully or partly completed by 25 countries.
Full text (PDF 8pp)
Upward trend in the EU government debt level continued in 2011
In order to analyse the debt structure in Europe, Eurostat conducts an annual survey to collect data from Member States information on debt by holder, instrument, maturity, currency of issuance, as well as guarantees granted by the government to non-government units. This publication examines the main results of the latest questionnaire, fully or partly completed by 25 countries.
Full text (PDF 8pp)
Monday, 23 July 2012
Euro area government debt up to 88.2% of GDP
via Eurostat News releases
At the end of the first quarter of 2012, the government debt to GDP ratio in the euro area (EA17) stood at 88.2%, compared with 87.3% at the end of the fourth quarter of 2011. In the EU27 the ratio increased from 82.5% to 83.4%. Compared with the first quarter of 2011, the government debt to GDP ratio rose in both the euro area (from 86.2% to 88.2%) and the EU27 (from 80.4% to 83.4%).
Read the full release (PDF 4pp)
At the end of the first quarter of 2012, the government debt to GDP ratio in the euro area (EA17) stood at 88.2%, compared with 87.3% at the end of the fourth quarter of 2011. In the EU27 the ratio increased from 82.5% to 83.4%. Compared with the first quarter of 2011, the government debt to GDP ratio rose in both the euro area (from 86.2% to 88.2%) and the EU27 (from 80.4% to 83.4%).
Read the full release (PDF 4pp)
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