National debt of the United States

The mounting US debt is likely to grow by another $10 trillion in the next decade, according to estimates contained in the recent budget proposal.

U.S. President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and - unlike the plan he released last year - never comes close to promising a balanced federal ledger even after 10 years.

Global debt has grown to a record $ 233 trillion in the third quarter of 2017. That's $ 16 trillion more than at the end of 2016, according to an analysis by the Institute of International Finance, quoted by the Bulgarian National Radio.

Greece is planning new bond issues in 2018, according to the Finance Ministry's draft budget released on Monday, which said they will include an exchange of bonds issued under a previous debt write-down in 2012 with new ones. [Reuters]

Developing countries are increasingly attracting debt capital on the domestic market. The sovereign debt of developing countries rose more than double from USD 5.2 trillion in 2007 to USD 11.7 trillion by the end of 2016, according to the Bank of International Settlements (BIS), reported the Financial Times, quoted by BGNES.

Gross Domestic Product (GDP) expanded with 3.6% in the second quarter of 2017 compared to the same quarter of the previous year and with 0.9% compared to the first quarter of 2017 according to the seasonally adjusted data by the National Statistical Institute (NSI).

The Eurostat Handbook on quarterly National Accounts defines the flash estimates as:

The Federal Reserve kept interest rates unchanged on July 26 and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy.

The calm reaction of the markets to the International Monetary Fund's stance on Greece means that the government's plans for a trial bond issue may be revived this week.

Turkey's gross external debt stock stood at $412.4 billion, nearly half its gross domestic product, at the end of March, the Treasury announced on June 30.

The country's net foreign debt reached $266.7 billion at the end of March, accounting for more than 31 percent of GDP, the Treasury stated.

Global debt levels have surged to a record $217 trillion in the first quarter of the year. This is 327 percent of the world's annual economic output (GDP), reports the Institute of International Finance (IIF).