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Ramkishen Rajan, Tan Khee Giap and Tan Kong Yam
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Tan Khee Giap: Asia Competitiveness Institute (ACI)
Tan Kong Yam: Asia Competitiveness Institute (ACI)

Chapter 1 in Fiscal Sustainability and Competitiveness in Europe and Asia, 2014, pp 1-3 from Palgrave Macmillan

Abstract: Abstract Over the past two decades the fiscal positions of many advanced economies have deteriorated rather precipitously, leading to ever-growing levels of public debt (in absolute terms and as a share of GDP) and mounting concerns about debt sustainability. The ratio of gross government debt1 to GDP for advanced economies was 60 per cent in 2000 and peaked at about 110 per cent in 2012.2 In contrast, the public debt-to-GDP ratio for emerging market economies has remained stable since 2005, ranging from about 35 to 40 per cent (Figure 1.1).3

Keywords: Public Debt; Advanced Economy; Asian Economy; Social Expenditure; Emerge Market Economy (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40697-2_1

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DOI: 10.1057/9781137406972_1

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