Government Borrowing

Friday, 13 September 2024

Latest News for: government borrowing

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Liquidity crisis looms as credit outpaces deposit

Deccan Herald 13 Sep 2024

“I haven’t been able to get my head around this argument completely, because this money, even though delayed, does ultimately reach the banking system.” Kaul also explains how the Reserve Bank of ...

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BSP’s interest rate cuts: What they mean for you

Manila Bulletin 13 Sep 2024

By making borrowing cheaper for consumers, the central bank aims to boost spending and investment ... “Lower interest rates mean we can borrow money at a more manageable cost ... means cheaper borrowing cost.

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ECB hawk sees room for more interest rate cuts

The Irish Times 13 Sep 2024

... setters will need to lower borrowing costs again before the end of the year ... He added that borrowing costs could be eased further to about 2.5 per cent by mid-2025.

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‘Buhari Can’t Laugh at Nigeria’s Woes’

This Day 13 Sep 2024

“How could there be any reason for the former President to laugh when he knew he used almost 90 per cent of his daily crude oil production to borrow money in advance from foreign governments?.

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U.S. borrowing tops $1.9 trillion so far this year

The Banner-Press 13 Sep 2024

(The Center Square) – The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending ....

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Citigroup helped funnel $3.5bn to UAE state oil company

The Bureau of Investigative Journalism 13 Sep 2024

web ... “So on paper, the bank lent some money to a chemicals business,” a banker with knowledge of the deals said ... ‘Blah, blah, the ESG [environmental, social and governance] ranking of the borrower.’ Basically, it’s a huge pain to get organised.

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Increase states’ share in central taxes to 50%: Telangana dy CM to Centre

The Siasat Daily 13 Sep 2024

Telangana’s deputy chief minister Bhatti Vikramarka has urged the central government to grant greater autonomy to economically progressive states for borrowing ... imposed by the central government.

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U.S. budget deficit for fiscal 2024 nears $1.9 trillion

Arkansas Democrat-Gazette 13 Sep 2024

Outlays more than doubled revenue last month, so regarding whether higher interest rates are continuing to drive the deficit or government spending is far outpacing revenue, Horpedahl said it's a little bit of both.

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Biden’s Attempt to Restrain the Supreme Court Warns the End is Near

Armstrong Economics 13 Sep 2024

It was a restraint upon the government, not a free lunch where it must pay for whatever a citizen demands ... Biden has rejected everything a tripartite government was supposed to prevent with this separation of powers ... state government structure.

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Expert View: SMIDs to gain from rate cuts; Nifty 50 may deliver low-teen return: Baroda BNP Paribas MF’s Jitendra Sriram

Live Mint 13 Sep 2024

India’s entry into the bond indices, coupled with the government targeting a steady lowering of the fiscal deficit, means that sovereign borrowing costs should head southwards.

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Federal government borrows $1.9 trillion during first 11 months of FY 2024

The Crescent News 12 Sep 2024

In the first 11 months of fiscal year 2024, the United States borrowed $1.9 trillion, including $381 billion in August, according to the latest monthly budget review from the Congressional Budget Office ... .

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Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills ...

Business Insider 12 Sep 2024

A yearslong legal battle with a major student-loan company has finally come to an end, and borrowers are getting their money back ... It also requires Navient to pay a $20 million penalty to the CFPB, along with $100 million to impacted borrowers.

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‘Adversarial’ PFI contracts still costing taxpayers money on legal bills, group warns

Building 12 Sep 2024

... by Tony Blair’s Labour government, PFI was a way for the public sector to finance schemes through private money and meant government did not have to borrow costly capital for the projects itself.

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Can UK avoid national debt almost tripling over next 50 years?

The Guardian 12 Sep 2024

... national debt; public spending accounting for well over half the economy’s annual output; government borrowing at levels never seen before.

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Kamala Harris Has a Plan — To Take, Take, Take

The American Spectator 12 Sep 2024

She can cut government, raise taxes, or borrow it ... Kamala won’t cut government, and taxpayers can’t afford her plans, so Kamala’s last option to come up with the money is to borrow it — driving up our already astronomical debt.