WASHINGTON - The combination of bonded debt, budget deficits, and unfunded pension obligations increased in 35 of the 50 states as of the end of fiscal 2007, and probably will be even higher this year as economic conditions have worsened and continue to deteriorate, Loop Capital Markets said in a report issued this week.

The report, which the firm releases each year, focuses on states' "economic debt," an umbrella term that it uses to cover states' net bond debt, unfunded pension obligations, and budget deficits, if applicable. This latest report shows that, of the 35 states with increases, 13 states' economic debt rose more than 50% from the previous year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.