Pandion is concerned that due to the increase in debt, public
programs like Medicare and Medicaid may be targeted for cuts.
"External Debt, Public
Investment, and Growth in Low-Income Countries." IMF Working Paper No.
See the blogs: Web of Debt, Public
Banking Solution, and Public Banking Institute.
The data further shows that external debt was recorded at $72.98bn on June 30 this year, out of which $61.36bn was public debt, Public
Sector Enterprises (PSE) guaranteed debt stood at $1,27mn, PSE non-guaranteed debt was $1,48mn.
Let TD, PUBL and PRIV denote total debt, public
debt and private debt, respectively.
The accumulation of debt, public
and private, will continue to weigh on growth."