Name: External public and publicly guaranteed debt
How to measure: Usually it is measured by the debt-to-export ratio (PV/X (Indicator Dictionary), or the debt-to-government revenues ratio.
Description: In the HIPC Initiative (Heavily Indebted Poor Countries initiative), a debt-to-export ratio of 150% or more is considered unsustainable.
Owner: The Ministry of Finance of a country
Impacted Actors: All government departments, and the constituencies they have to serve. As declared in Universal Declaration of Human Rights and the Convention on the Rights of the Child, governments have several duties vis-a-vis their citizens. Which human rights come under pressure as governments fail to meet their duties in the different functional areas can be seen in each country's statute book.
Impacted Spheres: unsustainable debt acts as a constraint to all spheres where government action is required (Defence Macro, Public Order & Safety Macro, Economic Affairs Macro, Environmental Protection Macro, Housing & Community Amenities Macro, Health Macro, Recreation, Culture & Religion Macro, Education Macro, Social Protection Macro )