MoneyWeek map: The world's biggest spenders
It's no secret that Britain has a colossal debt problem. But are we in good company? This map shows how the other G20 countries compare when it comes to balancing the budget.
Debt is a big problem, and for Britain in particular. On the map above, we've looked at two things for each of the 19 nations of the G20 (the 20th is the eurozone): the deficit (or surplus), which is the amount a country spends over and above its tax take each year; and the overall national debt as a percentage of GDP.
To give an example of what's considered sustainable, the criteria for joining the eurozone included having a deficit of 3% or less. Many fail this test. (All surplus/deficit figures are from 2012; national debt figures from 2012, or 2011 if asterisked.)
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.