Figures on government spending and debt

November 3rd, 2009 WASHINGTON - In yet another sign of global economic recovery, across the G-20 nations including India, the average overall deficit is projected to fall from 7.9 percent of GDP in 2009 to 6.9 percent of GDP next year, according to the IMF. Both these figures are somewhat better than projected in July 2009, the International Monetary Fund (IMF) said in its latest edition of the Cross-Country Fiscal Monitor released here Tuesday.

October 16th, 2009 Meltdown 101: Budget gap huge, but has been worseWASHINGTON — The federal government's budget gap is huge — but by some measures, it's been bigger in the past. The annual budget deficit reached $1.4 trillion in fiscal year 2009, the Obama administration said Friday, a record sum by far in dollar terms.

August 9th, 2009 GOP leader says no more stimulus spending neededWASHINGTON —The Senate's Republican leader says the economy doesn't need any more stimulus spending and the Obama administration should turn its attention toward dealing with the national debt. Sen. Mitch McConnell of Kentucky says he hopes the economy is starting to turn around.

July 21st, 2009 UK public sector debt swellsLONDON — The British government borrowed a net total of 13 billion pounds ($21.4 billion) in June, raising national debt to 56.6 percent of GDP as tax receipts slumped amid the recession, the Office for National Statistics said Tuesday. The debt figure was lower than the consensus forecast of 15.5 billion pounds, but as a percentage of annual economic output it has risen sharply — from 54.8 percent in May, 44.4 percent in June 2008 and 36.7 percent in June 2007.

February 2nd, 2009 ISLAMABAD - Pakistan's public debt is expected to rise by a staggering 34 percent or Rs.2 trillion ($25 billion) in the current fiscal largely due to the massive depreciation of the rupee and external loans obtained for maintaining the balance of payments. The public debt was at Rs.5.9 trillion at the beginning of the fiscal July 1, 2008.