OECD Govts' borrowings to surpass USD 10.4 trillion this year

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OECD Govts' borrowings to surpass USD 10.4 trillion this year By TII News Service Dec 13, 2011 , Paris
THE 4 th OECD Sovereign Borrowing Outlook says that OECD governments are facing unprecedented challenges in the markets for government securities. This is a result of continued strong borrowing amid a highly uncertain environment with growing concerns about the pace of recovery, surging borrowing costs, sovereign risk and contagion pressures. Higher than anticipated gross borrowing needs of OECD governments are expected to reach USD 10.4 trillion in 2011 and USD 10.5 trillion in 2012, including a strong increase in longer-term redemptions in 2012. Against this backdrop, government debt ratios are expected to remain at high levels, it adds.

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