Accordingly, next year’s budget targets a deficit of less than 3 percent of GDP and aims to reduce the public debt-to-GDP ratio below 67 percent.

Source: https://www.budapesttimes.hu/economy/finance-minister-central-bank-governor-discuss-economic-policy/

According to the nonpartisan agency, the debt-to-GDP ratio is expected to reach 181% by that year, a marginal improvement compared to previous long-term projections.

Source: https://www.chiangraitimes.com/news/us-public-debt-burden-will-reach-181-of-gdp-by-2053/

“Although debt-to-GDP ratio is not high compared to other countries, Nigeria needs to start spending wisely and generating more revenues,”

Source: https://www.pulse.ng/business/buharis-dollar800m-world-bank-loan-request-and-effect-on-revenue-generation/rth3chx

Conversely, Chile, Colombia, and Ghana witnessed the most substantial declines in the debt-to-GDP ratio.

Source: https://www.theinfostride.com/global-debt-rises-to-307-trillion-in-q3-2023/

Data show the debt-to-GDP ratio, a closely watched indicator of the government’s ability to settle its obligations, improved to 60.2 percent in the third quarter, from 61.0 percent in the second quarter.

Source: https://business.inquirer.net/432789/diokno-current-debt-to-gdp-ratio-not-scary

Finland's debt-to-GDP ratio has risen from 64 percent in 2019 to 73 percent, which Orpo aims to address with significant cuts to spending.

Source: https://www.france24.com/en/europe/20230616-finland-s-new-government-announces-paradigm-shift-to-clamp-down-on-immigration

Fitch’s analysts explained that Israel’s rating balances a diversified, resilient, and high-value-added economy, and strong external finances, against a high government debt-to-GDP ratio.

Source: https://themedialine.org/headlines/fitch-ratings-warns-israels-judicial-reform-could-weaken-credit-profile/?utm_source=rss&utm_medium=rss&utm_campaign=fitch-ratings-warns-israels-judicial-reform-could-weaken-credit-profile

Fitzpatrick said his proposal would convert the debt ceiling to a ” debt-to-GDP ratio,” which would be a “number that could be agreed to” and would have a cure period, which is time a borrower, in this case the U.S., has to remedy a default.

Source: https://thehill.com/homenews/house/3844387-house-republican-says-hes-working-with-democrats-on-fail-safe-option-for-debt-ceiling/

However, the end-2022 debt-to-GDP ratio was slightly higher than the 60.4 percent recorded ratio in end-2021, based on historical Treasury data.

Source: https://businessmirror.com.ph/2023/03/20/phl-22-debt-payments-reach-p1-293t-report/

“If we take the U.S for instance, the debt-to-GDP is around 100 per cent but when you look at their debt service-to-revenue, it is very low.

Source: https://newmail-ng.com/steer-clear-of-more-borrowing-dmo-cautions-fg/

In full-year terms, the debt-to-GDP ratio has climbed up steadily from 39.6 percent in 2019 before the pandemic to 60.9 percent in 2022.

Source: https://business.inquirer.net/418136/govt-debt-repayments-doubled-in-h1-amid-tight-fiscal-space

Nigeria’s high debt-to-GDP ratio (over 35%) and rising debt service costs constrain government spending on crucial sectors like infrastructure and social services.

Source: https://thenews-chronicle.com/what-to-expect-from-nigerias-economy-in-2024-and-how-to-prepare-yourself-for-whats-to-come/

The average total public debt-to-GDP ratio in East Africa reached 87 percent in 2021, from 79 percent in 2020, way more than the IMF’s recommended threshold of 40 percent for developing countries.

Source: https://www.kbc.co.ke/private-sector-key-to-addressing-debt-problem-in-horn-of-africa/

The federal government’s fiscal decisions are supposed to be guided by its fiscal anchor, which is a declining debt-to-GDP ratio in the medium term.

Source: https://energeticcity.ca/2023/03/28/federal-budget-2023-includes-59-5-billion-in-new-spending-looks-to-increase-revenue/

The household debt-to-GDP ratio slightly decreased in Q1 2022 following economic recovery, while the business sector’s debt-to-GDP ratio continued to decline, and profitability slightly improved from the manufacturing sector.

Source: https://www.pattayamail.com/thailandnews/bot-reports-slight-contraction-in-commercial-banking-system-438904

The household debt-to-GDP ratio slightly decreased in Q1 2022 following economic recovery, while the business sector’s debt-to-GDP ratio continued to decline, and profitability slightly improved from the manufacturing sector.

Source: https://www.pattayamail.com/thailandnews/bot-reports-slight-contraction-in-commercial-banking-system-438904

The problem is that Ryan was right about the substance and Trump is right about the politics, and that dilemma is why the country’s debt-to-GDP ratio is nearly 100% and projected to keep climbing.

Source: https://www.bostonherald.com/2023/01/28/lowry-republicans-cant-be-intermittent-fiscal-hawks/

“Under the alternative scenario, the total public debt-to-GDP ratio at 45.4 per cent in 2023 exceeds Nigeria’s self-imposed debt limit of 40 per cent, while the FGN Debt Service-to-Revenue also exceeds the recommended threshold of 50 per cent.

Source: https://newmail-ng.com/steer-clear-of-more-borrowing-dmo-cautions-fg/