Sentences with phrase «over local government debt»

China is confident of fending off systemic debt risks as it strengthens control over local government debt, Finance Minister Xiao Jie said.

Not exact matches

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.

Local governments were identified as a major risk to China's financial stability, partly due to their lending from the «shadow banking» sector and debt accumulated over the past years to upgrade infrastructure across the country.

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).

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.

Olatunbosun noted that the refund was neither subject to any deduction over debts nor having any local government component that would make the cash shared to Ekiti State to be less than N9.6 bn as published by the Federal Ggovernment component that would make the cash shared to Ekiti State to be less than N9.6 bn as published by the Federal GovernmentGovernment.

«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.

Mr. Solomon has over 25 years of experience working with state and local governments in developing successful capital finance, debt management, budget and credit rating strategies.

If not for outside analysts like the Empire Center for New York State Policy, taxpayers wouldn't know that state and local governments could rack up an estimated $ 5.3 billion in debt over the next three years.

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.