Sentences with phrase «in public sector debt»

The great bull market in fixed income coincided with a substantial increase in public sector debt.

The reduction in public sector debt has been larger in Australia than in the United States (and elsewhere) and the short - term outlook is for this to continue.

Not exact matches

In its last assessment, S&P said that Portugal's outlook was stable, «balancing our expectation of further budgetary consolidation and likely receding banking sector risks over the next two years against the risks of a weakening external growth environment and vulnerabilities related to high private - and public - sector debt.»

Now, as the private sector unwind of debt nears completion, the onus is shifting to the public sector to address bloated debt balances in the year ahead.»

Comments: «We are entering the fifth year post «The Great Contraction» with considerable progress made in deleveraging the financial and household sectors; however, the most complex stage - stabilizing public sector debt - remains a formidable challenge.

«A better understanding of the medium - term trade - off of private sector versus public sector debt will be helpful in developing stronger guidance around the monetary / fiscal policy mix,» Poloz said in his speech.

Perhaps he proposed both initiatives because he was appalled by the behavior of D.C. politicians in the summer scuffle over the debt ceiling and because he believes the public sector right now is incapable of microfinancing in the service of jobs creation.

Public sector banks are likely to be more hesitant to lend money to these borrowers because chances of a turnaround for companies with high levels of debt seem unlikely, at least in the near term, according to Awtani.

«California's debt is big in terms of the public sector, but it is not big in terms of the whole state economy.»

Earlier this week, Greece got the first 13 billion euros of its package for debt repayments and settlements of public - sector payments that were in arrears.

In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability.

The effect of transfer payments to the financial sector — as well as the $ 5.3 trillion increase in U.S. Treasury debt from taking Fannie Mae and Freddie Mac onto the public balance sheet — is to support asset prices (above all those of the banking system), not inflate commodity prices and wages.

But there is something profoundly troubling about speculators in Puerto Rican debt reaping windfalls even as estimates of hurricane damage are revised up, tax reform legislation undermines Puerto Rican competitiveness, out - migration increases, political cleavages increase, layoffs from the public sector are set to increase and outside observers become more pessimistic about Puerto Rico's economic prospects.

Public - sector solutions to resolve the Europe's debt crisis from institutions such as the International Monetary Fund and the ECB are «merely bodies exchanging cards in a game of old maid,» Gross added.

Under the Canada Economic Action Plan the deficit will be eliminated by 2015 - 16; although total net public debt will have increased by $ 150 billion, the debt ratio will have declined to 33.0 per cent in 2015 - 16 and reach the government's target of 25 percent by 2019 - 20; program spending will fall to below 13 percent of GDP and will continue to fall thereafter; public sector jobs have been eliminated; and income and corporate taxes have been cut.

In the public as well as the corporate sector, debt extraction is depleting the «wealth of nations.»

China's public - sector investment, in other words, is value destroying, and because it is funded by debt, additional investment causes China's real debt servicing costs to rise faster than its real debt servicing capacity.

Portugal has addressed its public debt problem — the deficit was 9.3 % of GDP in 2009 — with a 5 % pay cut for public sector workers earning more than $ 1,500 a month and an increase in VAT.

«Before the crisis, public debt was fairly low, and while private debt — and in particular mortgage debt — was a problem, private sector deleveraging is happening quickly.»

WASHINGTON — The International Monetary Fund today sounded the alarm on excessive global borrowing, warning that with a total of $ 164 trillion owed, the world's public and private sectors are deeper in debt than at the height of the financial crisis a decade ago.

We have government debt, corporate debt, and a much larger Fed balance sheet (which, some people argue, drove bond buying by the public), but those are offset by a significant deleveraging in household and financial sector debt.

Quantitative easing is making it worse by facilitating more public - sector borrowing and preventing debt liquidation in the private sector - both erroneous steps in my view.

Puerto Rico's total public sector debt adds up to 104 percent of GDP and it's multiples of the roughly $ 20 billion involved in Detroit's restructuring, for example.

«At the same time,» McMahon said, «we will highlight obstacles to greater growth and prosperity in the Empire State, including high taxes, excessive spending and debt, unfunded liabilities, and costly public - sector collective bargaining mandates.»

He's talking about the need to cut debt and increase housing but refusing to acknowledge the huge benefits public assets bring, and never mentioning the role the private sector could play in responding to these issues.

The UK economy is currently among the most indebted in the OECD (second only to Japan in total levels of public sector, financial, and household debt).

We achieved an economic upturn in 2010 — partly because the stimulus was coordinated across the European Union and United States, but at a great cost in expanding public sector deficits and debt.

He made taming public sector debt a paramount objective for Conservatives in government.

However, in 2013, under President Mahamas first year administ ration, the total public sector debt stock as at the end of September 2013 was GHc46.1 billion (53.5 %) of GDP up from GHc35.1 billion at the end of December 2012, Between December, 2012 and September, 2013, former President Mahama's administration added about GHc11 billion to the total debt stock, as against the GHcl6.8 billion the Nana Akufo.

However, throughout the second half of the 20th Century, national debt and public sector borrowing emerged as a structural problem in most developed economies, with large deficits being run year after year, as the role and «size» of the state has grown.

And in exchange we will ask for your help in solving Labour's Debt Crisis by keeping the cost of public sector pay only as high as the country can responsibly afford.

«Scandals and perceived corruption in governance and the society generally, socio - economic hardships such as unstable currency, unstable power supplies — undermining both industrial and domestic ventures — executive bureaucratic delays in the public sector, especially at the ports, many industrial actions, protest demonstrations throughout the economy, sudden and high tariff increases for utilities, and ever - bloating national debt stock, have hall - marked the out - going year,» he observed.

We expect public sector net debt to hit the government's ceiling of 40 per cent of national income in 2009 - 10 and to rise to 41.2 per cent by 2012 - 13.

Capping the pay of the biggest public sector earners will be popular and necessary but it's only a drop in the ocean of Britain's debt challenge.

The public sector certainly needs radical reform, but the national debt has been higher in the past, and cutting it must not be allowed to trump all other objectives.

The expansion in public spending resulted in an economy distorted towards sectors driven by debt or by public expenditure.

He also worked tremendously to increase access to higher education — initiating the first university - wide program in America to ease the debt of graduates pursuing careers in public service and the not - for - profit sector.

This Tory party are unapologetic with their ambition to reduce public sector spending in order to reduce government debt.

I favor a system where students in publicly funded institutions make a commitment: if they do well in the private sector, they will revert a certain percentage of their income to the education sector; and if they devote some years to public service, their debt will be forgiven.

Trump's budget ends the effective Perkins Loan program, eliminates the Supplemental Educational Opportunity Grant program, makes record cuts to Pell Grants, dumps the program to forgive student loan debts if a student works for at least 10 years in selected public sector jobs and ends a program that covers interest payments for low income students while they are enrolled in school.

Debts, both in the private sector and the public sector, are being monetized.

For starters, student loan debt would no longer be forgiven for people employed for ten years in the public sector; in other words, public service student loan forgiveness would be gone.

The majority of employers who offered this benefit were in the government and nonprofit sectors, and the programs targeted high - debt graduates in «public service» careers, which typically offer low wages.

My previous picks include CQS New City High Yield, which holds bonds, shares and preference shares; Gravis Clean Energy, which invests in renewables; infrastructure - debt fund Sequoia Economic Infrastructure; medical - facilities fund MedicX; and HICL, which backs public - sector infrastructure.

Under the Promoting Real Opportunity, Success and Prosperity Through Education Reform (PROSPER) Act, student loan debt would no longer be forgiven for workers after they spend 10 years in the public sector.

The problem there is that people would accrue all this debt, then find they couldn't stay in these public sector careers because they didn't pay well.»

Student borrowers receive the opportunity for debt forgiveness when they work in the public sector.

Before proceeding further, we should note that, since the financial crisis exploded into public consciousness, in September, with the exception of Treasury bonds and other debt explicitly guaranteed by the Treasury such as GNMAs, all sectors of the fixed - income markets have experienced gut - wrenching declines.

I know the program is designed to relieve the burden for folks that take on huge loan debt in order to take public sector jobs.

If graduates work in the public or non-profit sectors rather than the private sector, debt forgiveness kicks in at 10 years instead.