Sentences with phrase «servicing government debt»
Higher borrowing costs would discourage business investment and raise the cost of servicing government debt to unhealthy levels.
http://www.sandiegouniontribune.com/ 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.
The cost of servicing the exploding debt would exert tremendous pressure on the government to eliminate investments that could fuel growth.
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.
Debt servicing costs would rise for the government, too, sparking a budget problem.
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.
With the new Trudeau government pledging more deficits, public debt and cost to service it appear set to keep growing for the foreseeable future.»
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.»
The government is responsible for maintaining the road and for servicing the debt.
Critics contend that a lack of direction could plague small governments who are trying to beat back debt obligations while at the same time providing services to their populations.
This is because the province has accumulated a large public debt that given the prospects for an economic slowdown and / or rising interest rates will potentially increase fiscal pressure via debt service costs which in 2016 - 17 totaled $ 11.7 billion or just over 8 percent of total government spending.
The cost of borrowing in China has been cut aggressively since the autumn of 2014 in response to the slowdown in the economy and the distress caused to property owners, local government and corporations by high debt - servicing costs.
Unhedged foreign currency debt, as was prominent in 1997, means that a fall in the currency pushes up debt servicing costs for the government, local corporates and banks, but a rise in interest rates to assist the exchange rate has the same adverse effect.
(Yes, despite recording two enormous back - to - back surpluses, the provincial government continues to borrow funds to service our $ 37 billion debt and to finance our sizeable capital expenditures.)
This means that they have to go into debt to finance nearly everything we think of as government, from fake airport security to the national parks to the Internal Revenue Service.
The idea was to cut off revenues from the «beast» (i.e., government) and then argue that the resulting deficits were bad for the economy and that government programs and services would have to be cut to eliminate the deficit and stop the debt from increasing.
Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.
The devastating LDC debt crisis of the 1980s, which began in August 1982 when the Mexican government announced that it was unable to service its obligations to foreign banks, ended only in 1990, when these loans were exchanged for a nominal amount of Brady bonds equal to only 65 % of the original notional amount of outstanding loans.
Public policy is needed to cope with the incompatibility between the inability of consumers, businesses and governments to pay their stipulated debt service except by transferring an intolerable proportion of their assets to creditors.
In that case any credit - fueled increase in investment would likely have resulted in a net improvement in China's debt servicing capacity, in which case, with government debt at well below 25 % of GDP, rising debt would not be a concern.
Assuming that the total amount of bad debt in the banking system exceeds total bank capital — something which is almost certainly true — the conversion of debt which can not be serviced into an equity position that is unlikely to generate much more (and in an economic downturn, which is when we are most concerned about the debt burden, we can assume that the decline in value of these equity positions will be highly correlated) leaves the net indebtedness of the banking system unchanged, and so the contingent liabilities of the government are unchanged even as reported debt in the system declines.
3 It may seem willfully perverse to most analysts to suggest that a debt - equity swap does not reduce debt, but that is because most analysts do not think systemically and fail to consider the overall impact of these transactions on debt - servicing costs and on contingent liabilities of the government.
For the federal government, debt service is the interest paid on the national debt.
In addition, the government debt stock and service remain vulnerable to stronger devaluations than Moody's baseline scenario.
First, it's not new information that some African governments are unstable, corrupt, and have trouble servicing their debts.
What's more, almost 2 in 5 parents (19 percent) surveyed said they were unaware of Public Service Loan Forgiveness (PSLF), which can help eliminate debt for parents and students who hold government jobs or work for certain nonprofits.
Posted by Marc Lee under budgets, debt, deficits, federal budget, macroeconomics, public services, Role of government, stimulus, taxation, US.
The government forgives up to $ 17,500 of your federal student debt after you work at a low - income school or education service agency for five consecutive years.
The budget highlights the huge imbalances created by five years of economic crisis: Spain will set aside $ 36.6 billion ($ 49.5 billion) to service its fast - rising pile of public debt, $ 2 billion more than it will spend on the 13 government ministries.
In addition to offering loan forgiveness and repayment for military service, the government has other programs to help you repay your nursing school debt.
Under the B.C. Liberals, ferry ridership has fallen, fares have climbed, debt at the corporation has ballooned, the government has failed to curb exorbitant executive bonuses, and now people up and down the coast are facing devastating service cuts, said Trevena.
TGR: Going back to the triple - witching hour at year - end, if the debt ceiling is raised again, when do we start to see government layoffs and limitations on services?
We are accredited by the Office of the Superintendent of Bankruptcy to provide government debt relief programs for Canadians including personal bankruptcy and consumer proposal services.
Mr. Ceci also announced that the government would legislate a debt ceiling of 15 percent debt - to - GDP in order to hold off a risk of credit downgrades and higher debt service costs.
Connect with more than 700 industry influencers, including international VC and PE investors, debt and equity providers, institutional funds, high - growth entrepreneurs at the forefront of innovation, government entities, corporations and service providers who all have a vested interest in accelerating Canada's innovation and growth ecosystem.
This puts central banks in a position where they will have attempt to control interest rates not by discounting lending, but by buying debt from the government directly, so that markets don't price the new issuance at a level that would destroy the nation's ability to service a debt load that is growing larger all the time.
The Bloomberg Barclays Long - Term Government / Corporate Bond Index is an unmanaged index that includes fixed - rate debt issues rated investment grade or higher by Moody's Investors Services, Standard & Poor's Corporation, or Fitch Investor's Service, in order.
Higher U.S. interest rates will make servicing debt tougher for developing country governments and businesses, especially those who have borrowed in dollars.
That competence isn't really lost, only your government has encouraged the creation of a vast financial services sector focused on the creation of toxic debt instruments linked to the real estate bubble that was itself a result of the credit expansion.
Government - guaranteed home mortgages absorb up to 43 percent of the buyer's income just to service their debt.
Despite a big decline at Adient (ADNT), the fund was boosted by General Dynamic's (GD) ~ $ 9.6 b (including debt) takeover of government IT services provider CSRA (CSRA).
One is for government to engineer sufficient economic growth to service the debt.
The legacy of US colonialism in Puerto Rico, and the island's current status as a US protectorate, has left the island's government without the resources to provide basic services as it struggles to pay off its debts, and at the same time has made it nearly impossible to call on help from other countries.
It would mean Greece following through on its market reforms and privatizations + Greece reforming and downsizing its civil service + Greece maintaining a stable government despite public outcry + Greece fixing its tax collection system + the troika being willing to put off some Greece interest payments and then writing off some significant portion of Greece's debt when Greece's government finally consistently reaches a primary surplus.
Governments, harassed by the burden of debt service payments, reduce public expenditure on health and education and other social services to balance their budgets.
But insofar as any «debt» exists in a government and religious agency relationship, it's the government that owes the service provider, not the other way around.
Debt service requires governments to lower social service budgets to a minimum and condemn societies to underdevelopment.
The crown prosecution service confirmed that Mallya, 61, was arrested on behalf on the Indian government, who have accused Mallya of fleeing to the UK in order to avoid arrest over another claim that he owes # 1bn in unpaid debts.
And it is Government services that lead us in bad economies of high debt.
«The government is committed to ensuring that customers have access to free and independent debt advice, and that the financial services industry pays their fair share to provide this advice,» a Treasury spokesperson says.