Tag: debt
Government finance statistics: long-term debt securities
The general government financial accounts cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. In recent quarters, the liabilities of euro area governments increased because governments borrowed to finance their deficits to acquire assets. The incurrence of liabilities occurred notably by issuing long-term debt securities (bonds) that are …
UK government debt highest since 1962
Image source, Getty Images Article information Author, Faisal Islam & Nick Edser Role, BBC News 19 July 2024, 07:22 BST Updated 59 minutes ago The UK’s national debt has reached its highest level since 1962, according to new official figures. The total stock of government debt was worth 99.5% of the value of the economy …
Beijing Vows To Ease Local Government Debt Woes After Key Meeting
Chinese officials pledged Friday to help ease debt pressure on local governments through reforms to the tax system, after a key political gathering in the capital focused on jumpstarting the faltering economy. All eyes were on how this week’s Third Plenum of the Communist Party in Beijing, attended by President Xi Jinping, might tackle the …
The US government is projected to spend $892 billion alone on net interest for debt in 2024 — more than for defense and almost as much as Medicare. Why that’s a big problem
The US government is projected to spend $892 billion alone on net interest for debt in 2024 — more than for defense and almost as much as Medicare. Why that’s a big problem The U.S. is projected to spend a staggering $892 billion on net interest payments in the current fiscal year — 36% more …