JP Morgan Chase & Co (JPM): You're confusing public debt to external...

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Re: z4lover post# 1493

Saturday, 05/08/2010 8:30:19 PM

Saturday, May 08, 2010 8:30:19 PM

You're confusing public debt to external debt. Big difference.

This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

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