10 Countries Sinking in Government Debts
Friday, 08 April 2016, 21:25 IST
By SiliconIndia
By SiliconIndia
#9 Bhutan
Debt-to-GDP ratio: 110.7pct
Though referred as one of the happiest countries in the world, still the size of the surging debt is surely not a reason for Bhutan to be happy about. With increasing financial assistance from foreign countries, Bhutan is rapidly heading to a debt crisis. A major part of these debts contribute to the hydropower construction projects which are predicted to have a significant positive economic growth in the country.
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