Sentences with phrase «of public sector debt»

Not exact matches

By transferring to the private sector ownership of Canada Post, the federal government can eliminate a major drain on public finances and move closer to the goals of eliminating the fiscal deficit and paying down public sector debt.

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.»

«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.

They seem to be «blissfully» unaware of the huge and growing financial liability implied by public - sector debt loads.

«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.

The paper finds that there is an intimate relationship between the monetary / fiscal policy mix and the dynamics of both private sector and public sector debt accumulation.

This finding points to the need for a coherent framework for weighing the relative financial and macroeconomic consequences of accumulating public sector versus private sector debt.

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.

«That turned out to be wrong, as a painful process of balance - sheet deleveraging — reflecting excessive private - sector debt, and then its carryover to the public sector — implies that the recovery will remain, at best, below - trend for many years to come.»

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.»

Monetizing debt creation at the expense of households worsens the imbalances and makes the economy even more dependent on public sector investment, which means that the debt burden would grow even more quickly.

Furthermore, the higher debt stock is also vulnerable to potential crystallization of contingent liabilities arising from the public sector, which includes the recapitalization of weak public sector banks or state - owned enterprises.

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.

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.

Today the USA has created one of the largest debts ever recorded, both the public and private sector are heavily indebted, and much of that debt was created while global central banks were keeping rates at record lows over the last decade.

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.

The government should start thinking about additional «critical public sector investments» that will maintain a deficit target of 1 per cent of GDP and a stable debt ratio of around 30 per cent of GDP

But since 2000, when the government last balanced its books, public sector debt has climbed from 28 % of national income to more than 86 %.

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 need to reform the public sector borrowing requirement to free councils to borrow money against their assets to build council houses (i.e use the EU definition of Public Sector Net public sector borrowing requirement to free councils to borrow money against their assets to build council houses (i.e use the EU definition of Public Sector Net Public Sector Net Debt).

The charter introduces a target for public sector net debt as a percentage of GDP to be falling at a fixed date of 2015/16.

If the Government adopt his ideas on public sector pension reform, they will have missed a golden opportunity and will have saddled future generations with unimaginable levels of debt.

Debate continued this week over methods of cutting the public sector debt.

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.

The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, business growth, creating a Ghana beyond aid, debt management, corruption, public sector reforms among others, and a continuation of the 2017 budget initiatives.

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.

Never mind the debt, that's the worst legacy of New Labour's public - sector - speak.

Public sector net debt was projected to increase to 73 % of GDP by 2012 - 13.

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.

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.

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.

The report is at least as much about the sorry state of the global economy as it is about the strength of our own, praising our «comparatively low government and corporate debt» and a «healthier state of public and corporate sector balance sheets.»

The UK Debt Management Office (DMO) is an Executive Agency of HM Treasury and is responsible for lending money to local authorities and managing public sector funds for the UK Government.

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.

But the opposition parties warn it's a ticking time bomb that will herald a new wave of public sector job cuts and provoke a downgrade of Ontario's debt rating, jacking up borrowing costs that are already consuming about $ 11 billion a year — its fourth - largest expense.

Trump and DeVos proposed ending the federal student loan forgiveness program for public sector and nonprofit workers, and lengthen the amount of time Americans will have to spend repaying their debts on income - based plans if they borrowed to get an advanced degree.

Just 40,000 borrowers are enrolled in the «Pay As You Earn» program, which allows borrowers to pay 10 percent of whatever they make above the federal poverty line, and then have the balance of their debt forgiven after 10 or 20 years depending on whether they work in the public or private sector.

These programs are mainly designed to provide relief to fields that come with substantial debt (e.g. physicians, lawyers) as well as those in the public sector that don't typically earn a high salary (e.g. teachers), but it's worth looking into regardless of your profession.

Unlike public sector central bank money creation which creates high powered money out of thin air and does not produce additional debt, private sector money creation involves the simultaneous creation of offsetting debt.