Sentences with phrase «increased local government debt»

This further distorted financial markets, increased local government debt, improved infrastructure rather than skills and delayed the growth of private domestic consumption, which everyone agrees must replace investment and exports as the driver of Chinese growth.

Not exact matches

Various bureaucracies and local governments will likely demand assistance from Beijing to increase investment allocations and cut their debt.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

Indeed, the stock of local currency government debt securities outstanding for a representative sample of Asian markets has increased five-fold over the past 15 years (it's hard to go back much further).

[9] Nonetheless, for emerging Asian economies there has tended to be a positive association between increased foreign holdings of local currency government debt and growth in onshore FX derivatives turnover.

The government's strategy continues to be to lengthen the debt maturity and increase the share of pure local currency - denominated debt.

The local governments sought permission to spread debt payments or increase local sales taxes, among other measures.

The WFP, which is closely aligned with the radical group ACORN, is composed of a variety of public employee unions and special interest organizations that oppose fiscal reform in state and local government and promote increasing spending, raising taxes, and expanding debt to bloat the public workforce.

The police repression directed towards senator Sani increased when he as the chairman of the senate committee on local and foreign debts, successfully spoke against permitting the World Bank to grant multimillion dollars loan to the Kaduna state government.

The investment earnings forecast used to discount pension debt was lowered from 7.5 to 7 percent, triggering a local government employer rate increase of about 50 percent for cities over the next seven years.