Sentences with phrase «on local government debt»

Not exact matches

Beijing and the World Bank officially claim China's government debt remains very manageable, at less than 20 % of GDP — far below levels in the industrial world — but the truth is, local governments are piling on new debt at a staggering pace.

China may witness its first local government bond defaults, although the timing was uncertain, Fitch Ratings said in a press release issued on Sunday, amid persistent concerns over high debt levels in the world second largest economy.

On Monday, the state planner issued new rules for companies which are planning to issue bonds to put more pressure on debt - laden local governments to get their finances in ordeOn Monday, the state planner issued new rules for companies which are planning to issue bonds to put more pressure on debt - laden local governments to get their finances in ordeon debt - laden local governments to get their finances in order.

Even assuming, as the Parliamentary Budget Office does, that Ottawa's debt will steadily shrink and disappear around 2040, provincial, territorial and local governments are on track to swell Canada's total public debt to the equivalent of 100 per cent of GDP by 2070.

In contrast, according to the Parliamentary Budget Officer, the provincial, territorial and local government sector does not have a sustainable fiscal structure, even though their aggregate debt - to - GDP ratio is currently under 30 per cent, but expected to rise significantly due to the impact of an ageing population on their finances.

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

«Within minutes, a significant body of town and local leaders came forward to urge me to stay on and work with the board to address internal issues and, in particular, to carry on my work regarding my Local Government Fiscal Modernization program and the proposed refinancing of town debt expected to achieve a savings of over three quarters of a million dollars over the remaining life of the debt,» stated Quilocal leaders came forward to urge me to stay on and work with the board to address internal issues and, in particular, to carry on my work regarding my Local Government Fiscal Modernization program and the proposed refinancing of town debt expected to achieve a savings of over three quarters of a million dollars over the remaining life of the debt,» stated QuiLocal Government Fiscal Modernization program and the proposed refinancing of town debt expected to achieve a savings of over three quarters of a million dollars over the remaining life of the debt,» stated Quigley.

Despite significant cost pressures on local government, our relentless pursuit of value for money has meant that we have cut council spending by # 7 million (or 4 per cent) in cash terms, cut the workforce by 18 per cent (or 950 full - time equivalent employees) and cut the council's debt by # 20 million.

- Administering the New York State and Local Retirement System for public employees, with more than one million members, retirees and beneficiaries and more than 3,000 employers; - Acting as sole trustee of the $ 129 billion Common Retirement Fund, one of the largest institutional investors in the world; - Maintaining the State's accounting system and administering the State's $ 12.6 billion payroll; - Issuing reports on State finances; - Managing the State's assets and issuing debt; - Reviewing State contracts and payments before they are issued; - Conducting audits of State agencies and public benefit corporations; - Overseeing the fiscal affairs of local governments, including New York City; - Overseeing the Justice Court Fund and the Oil Spill Fund Acting as custodian of more than $ 9 billion in abandoned property and restoring unclaimed funds to their rightful owLocal Retirement System for public employees, with more than one million members, retirees and beneficiaries and more than 3,000 employers; - Acting as sole trustee of the $ 129 billion Common Retirement Fund, one of the largest institutional investors in the world; - Maintaining the State's accounting system and administering the State's $ 12.6 billion payroll; - Issuing reports on State finances; - Managing the State's assets and issuing debt; - Reviewing State contracts and payments before they are issued; - Conducting audits of State agencies and public benefit corporations; - Overseeing the fiscal affairs of local governments, including New York City; - Overseeing the Justice Court Fund and the Oil Spill Fund Acting as custodian of more than $ 9 billion in abandoned property and restoring unclaimed funds to their rightful owlocal governments, including New York City; - Overseeing the Justice Court Fund and the Oil Spill Fund Acting as custodian of more than $ 9 billion in abandoned property and restoring unclaimed funds to their rightful owners;

On a per - capita basis, as shown above, towns have the lowest tax, debt, and spending levels among local governments.

The scoring system is based on nine variables, including the local government's level of short - term debt and deficits.

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 Chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani, has warned the Federal Government to put in place short - term measures to cushion the effect of the current economic crisis on the Nigerian masses or risk the lives of the people before he completes his reforms.

Now, with the island facing the prospect of rising seas and rising debt, the government has embarked on a campaign to cut its crippling food bill by encouraging local production.

If you're the FTC, you partner with more than 70 federal, state and local government agencies to bring down the hammer on illegal debt collection...

For the most part, however, because enforcing debts against state governments is so difficult, transactions are structured as much as possible to prevent the need to enforce debts in that way through (1) legal limitations on governmental liability, (2) legislative budget rules requiring interest on debt and currently due principal payments to be made first, (3) third - party bonding of state and local governmental construction projects, (4) the creation of publicly owned corporations whose debts can only be collected out of the corporation's assets and revenues, and (5) avoidance of trade credit obligations by paying bills in cash.