The Sovereighn Debt Crisis -

Public Debt
& Pension Liabilities

Big Government leads to
Serfdom and Poverty

Mai 12th 2010

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Public Finance - Debt and Pension liabilities
The Facts and Figures

Public Debt as a % of Disposable Income

	Pension Debt % GDP (1)	Financial Debt % GDP (2)	Total Debt % GDP (3)=(1)+(2)	Taxes % GDP (4)	Disposable Income % GDP (5)= 100-(4)	Public Debt % Disposable Income (6) =(3) / (5)
France	362	92,5	454,7	46,7	53,3	853,4
Poland	361	127,0	488,1	45,8	54,2	900,2
Austria	360	77,9	437,8	47,2	52,8	829,3
Germany	339	105,2	443,8	48,4	51,6	860,7
Italy	323	52,3	375,4	53,6	46,4	808,7
Finland	301	82,0	383,4	43,1	56,9	674,1
Portugal	298	55,2	353,5	52,9	47,1	751,1
Belgium	296	90,9	386,9	43,5	56,5	685,0
Sweden	285	62,8	347,3	36,2	63,8	544,3
Hungary	258	89,9	347,4	46,2	53,8	646,2
Netherlands	236	123,3	359,5	40,1	59,9	600,0
Greece	231	77,1	307,8	45,7	54,3	567,2
Slovakia	211	67,5	278,0	38,8	61,2	454,1
Spain	204	53,1	257,3	40,2	59,8	430,6
Czech Rep	201	43,0	244,4	32,6	67,4	362,5
UK	91	83,1	174,3	40,1	59,9	290,8

(1) Source: ECB http://www.ecb.int/pub/pdf/other/ecbeurostatworkshoponpensions201002en.pdf
page 84 (Belgium: Estimates ABN AMRO 2003
(2) Source: OECD http://www.oecd.org/dataoecd/5/51/2483816.xls
Tab Gross Financial Liabilities Tab Gross Financial Liabilities
(4) Source: OECD http://www.oecd.org/dataoecd/5/51/2483816.xls
Tab Tax Receipts

$Projected-interest-payments-fraction-of-GDP$
Sourse: BIS - The Future of Public Debt.

EU Pension Debt

pension-liabilities

US Pension Liabilities

Source: http://www.riograndefoundation.org/content/new-mexicos-government-pension-problem-3rd-worst-nation

Pensions