10 Countries Sinking in Government Debts
#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.
Read More: Tax collection in 2015-16 exceeds target by Rs 5,000 cr
