Sentences with phrase «of servicing that debt»

By 2047, costs of servicing the debt are expected to total 6.2 % of GDP, up from 1.4 % this year.

The non-partisan Congressional Budget Office (CBO) projects $ 10 trillion will be added to the federal debt over the next decade and estimates the cost of servicing the debt will triple over the next 10 years.

A rise in the global lending rate increases the cost of servicing debt and magnifies the risk of sovereign defaults in general.»

The burden is even more problematic if you consider the country's high interest rates — the policy rate was just raised to 12.75 %, one of the highest among major economies — which dramatically increase the costs of servicing debt.

Roughly one in 10 Canadians is in a vulnerable financial position — meaning that the cost of servicing their debt consumes more than 40 % of their income.

Yet despite the rising debt level, the report finds Canadians are doing a good job of servicing their debt, with delinquency rates of 90 days or more falling 1.45 % in the quarter.

And the costs of servicing that debt, well it's pretty significant.

They have many certified counselors and offer many kinds of services a debt consolidation agency has to offer.

If the overall cost of servicing debt is lowered through rate games, and the debts are increased because families / corporations / nations are taking the worm on the fish hook, it does not mean that the hook itself won't cause severe damage or death.

As far as the government is concerned, there is also the problem of demand for the (existing) debt at such low yields and that more new debt can't be issued at higher yields without increasing the cost of servicing that debt.

As inflation rises, so do central bank interest rates, which means that the cost of servicing their debt rises too.

And indeed, young people without a history of income and of servicing debt may struggle to qualify for the best rewards - earning credit cards out there.

Not exact matches

Meanwhile, as the government takes on more debt to fund its daily operations, the cost to service that debt will take up a larger chunk of government spending as well.

They've become routine, as companies struggle to service the debt they took on to finance their drilling; there were 77 North American energy bankruptcies between the beginning of 2015 and mid-May.

But he points to a report from the Parliamentary Budget Officer released earlier this year showing that, since 2009, the debt service ratio — a measure of income spent to pay debt — has remained steady at around 14 per cent, not much higher than the long - term average.

The cost of servicing the exploding debt would exert tremendous pressure on the government to eliminate investments that could fuel growth.

After just 18 months of offering voice - over services on Fiverr, Young paid off the family's debt, and now, since selling his first service in February 2013, Young has made nearly $ 1 million in income.

This will set off a vicious cycle of higher deficits that lead to higher debt, which in turn will mean higher interest costs and less funding available for healthcare, education and other provincial services.

Consumer debt servicing dropped to 3.0 % in the first quarter, from a peak of 4.2 % in the fourth quarter of 2007.

By 2025 - 26, the province will be spending $ 16.9 - billion on debt service charges, or 8.8 per cent of revenue.

Mining services group Ausdrill has refinanced its debts, announcing today it had signed a new three - year, $ 550 million dual currency facility with a syndicate of banks.

Holding company liquidity is the total funds available at the holding company level to fund general corporate purposes, primarily the payment of shareholder dividends and debt service.

But the same PBO report projects the debt service ratio will rise to an all - time high of 16.3 per cent by the end of 2021.

Consumer debt - servicing has fallen recently, and ratings agency DBRS warns of the risk of mortgage defaults

In 2015, on the one - year anniversary of its report, Bragg delivered a harsh message to fans of big government: The province needs to cut its civil service, he said in a keynote address, and use the savings to dig Nova Scotia out of debt.

Carnival was originally a subsidiary of American International Travel Service (AITS), but in 1974, Arison bought Carnival for $ 1, along with $ 5 million in assumed AITS debt.

People who can't afford traffic tickets should be required to do community service instead of having to pay fines, and we need more programs to help people deal with debt.

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

You may still be exempt from taxes if you fall under the Internal Revenue Service's insolvency exclusion - meaning your debts surpass the value of your assets.

The Postal Service reported a net loss of $ 2.1 billion in the third quarter of 2017, and has $ 15 billion in outstanding debt.

«Those firms that were operating in the U.S. did get squeezed out,» says Henrietta Ross, executive director of the Ontario Association of Credit Counselling Services and an outspoken critic of debt settlement.

Sheffield Resources has mandated finance group Taurus to arrange a $ US200 million ($ A255 million) debt facility for development of its Thunderbird mineral sands project, and also named GR Engineering Services as its preferred contractor.

Debt collection has long been a troubling issue in China, and recent developments in online credit services have led to the emergence of platforms offering «freelance debt collection» serviDebt collection has long been a troubling issue in China, and recent developments in online credit services have led to the emergence of platforms offering «freelance debt collection» servidebt collection» services.

However, in reality, many individuals use the services of an accountant whether it's to help with tax returns, to improve their financial planning or even to assist with debt problems.

The PSLF, established by President George W. Bush in 2007, allows student loan borrowers who pursue government or non-profit public service jobs to wipe out their remaining debt after 10 years of on - time payments.

«In each of the years between 2027 and 2033, PWBM projects that the bill will continue to reduce revenues net of outlays, not including the additional costs of debt service,» the Penn report said.

The first is to purchase and install the needed equipment at a point during the year where additional volume warrants the expenditure, thereby assuring sufficient cash flow to handle the additional debt service or the outright purchase of the equipment.

«That is particularly important given the current business climate, where keeping debt service under control is a priority,» says David Markovchich, director of business development for the Authority.

Candace Klein, the CEO of SoMoLend, a debt - based funding platform, points out: «We are usually targeting consumer - facing brick - and - mortar companies — restaurants, retailers, salons, gyms — that already have customers, already have cash flow, and can service debt.

In 2015, Kindred acquired Gentiva Health Services for $ 1.8 billion, turning it into the biggest U.S. provider of home health and hospice care, but also saddling it with debt.

Apple generates more than enough cash flow to service this amount of debt and has $ 147 billion of cash in the bank.

Lower interest rates, the report noted, could provide some cushion for debt servicing to vulnerable firms with an interest cover between 1 and 1.75 - comprising around 15 percent of the total debt of top 500 listed borrowers in fiscal 2015.

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.

Governor Snyder has said that the bankruptcy filing will allow the city to spend more money on public services because less of its money will be hurdled toward paying interest on debt.

The country also has a high level of debt servicing ratio, which made its banking system more vulnerable.

The basic problem is that during each recession, governments increase their debt load to stimulate the economy and maintain (or even increase) services, but rarely cut back on their debt loads or services during the prosperous times — creating a long - term upward trend in indebtedness that Tony Boeckh of The Boeckh Investment Letter calls the «debt supercycle.»

And last month, an international financial group owned by the world's central banks said Canada's credit - to - gross - domestic - product and debt - service ratios show early warning signs of potential risk to the domestic banking system in the coming years.

A significant share of the corporate debt in stressed economies is now owed by companies with weak debt servicing capacity and this could negatively affect bank balance sheets and cut into profits, it added.

Trump told his supporters that he and they, «owe Clinton a major debt of gratitude for her service to the country.»

«Much of the welfare state concept was always an illusion, one financed by lavish amounts of debt for which present and future taxpayers will pay in the form of higher taxes and reduced services during their lifetimes,» writes University of Calgary lecturer Mark Milke in a recent article.