Countries Throughout the World Owe 100 Billion Dollars and B&H Owes More than 5 Billion

The USA is the most indebted country in the world, with outstanding external liabilities of 12 billion dollars, while the total world debt is 100 billion dollars, announced the Bank for International Settlements, based in Basel, Switzerland.

Since the beginning of the global economic crisis in 2007, when governments around the world began to borrow money in order to save their economies, the global debt has increased by 40 percent.

Today these countries are trying to get out of debt by selling government bonds, as well as by reducing public spending and increasing taxes.

According to data from the B&H Central Bank, the total external debt of the country at the end of 2013 was 7,4 billion BAM, which is 5,26 billion dollars. This makes B&H one of the least indebted countries in the Balkans.

For example, the external debt of Serbia is 36,26 billion dollars, and the external debt of Croatia is 64,19 billion dollars.

(Source: http://www.6yka.com/)