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Public debt
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2.541 documents for Public debt
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The question highlights a prevalent lack of understanding about a key reality of public debt: i.e. virtually every dollar of financial shortfall by governments must be borrowed from someone else. For example, the U.S. deficit is funded mainly by auctioning hundreds of billions in Treasury bills, with China being the biggest buyer. Here in Canada, sovereign debt securities include Canada Savings Bonds. It's no coincidence that those bucolic TV ads advocating their purchase have become more frequent. Our country's recession-battered tax revenue on the one hand and massive stimulus spending on the other is rapidly driving up our national debt, after years of paying it down. Private sector recovery will be long and difficult, but the overall direction will be up. On the other hand, financia...
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At an interest rate of five per cent, the debt increase from 2008-09 to 2011-12 alone will add another $3 billion a year to the province's spending -- none of it on goods and services. Bear in mind that in 1990, Ontario's net public debt was $42 billion, meaning that over a 20-year period Ontario's net public debt will have gone up 388 per cent! As a share of GDP, the net debt will rise from a recent low of 24 per cent in 2007-2008 to almost 33 per cent by 2012-13 -- assuming of course the government's forecasts are correct and interest rates are not even higher. Ontario's rising long-term public debt is yet another indicator of its diminished status and dire economic state. By summer 2010, it is expected that one million Ontario households will be on the new time-of-use "smart meter" s...
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... establishing, reconciling and often making public the trade information, continues with the manageme... repos using specific Canadian government debt as collateral. But CDCC is also working on providi...
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If you hadn't heard this news before now, you might be thinking: "Truth really is stranger than fiction." It's as likely as reading: "Bugs Bunny attacks local kindergarten" or "Canada's banks apologize for steep ATM fees. After looking at Swiss statistics, I found what I believe is the motive for the "accidental" invasion. With a population of more than seven million and a GDP of $386.8 billion, they have a public debt of 51 per cent of GDP. Taking over Liechtenstein could jump-start their debt reduction faster than saying, "Cheese fondue, anyone?" You've likely guessed that I'm joking. I really don't believe they'd take over Liechtenstein. This little country is well integrated into the European Union. It even has a soccer team known as an "easy win" in the World Cup. If the Swiss dr...
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... during sponsorship period constitutes debt that "may be recovered" either by federal or provi... common law principle, it applies to every public authority making an administrative decision which ...
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Many of our politicians, economists and editorialists are also in the grip of a widely accepted conviction -- the idea that "stimulative deficits" incurred by governments are the magic bullets to slay the recessionary dragon. Public opinion also supports this view, since no other alternatives are talked about or offered. In the 1920s and 1930s, it was John Maynard Keynes -- the "premier gadfly of economic orthodoxy," as Mr. [Ahamed] describes him -- who challenged the old gold-standard orthodoxy. Keynes called for a new paradigm: the idea that governments should run deficits when the economy is slow and surpluses when times are good. Politicians loved the first part of this thesis (while ignoring the second part) because it provided an intellectual justification for doing what they like...
... vast increase in government activity, public debt and taxes until eventually challenged by new econo...
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... in foreign exchange rates in respect of debt denominated in foreign currency;. (d) enhances the..., require Crown corporations to hold annual public meetings, clarify Treasury Board's duties to indem...
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Hopefully, today will be a good day," said Tim Hortons spokesman Nick Javor. "Obviously we're delighted the ruling went the way it did. It allows us to finish off the spin, which is what the shareholders, [Wendy]'s and everyone involved has been geared up for. The plaintiffs -- including Aflac Inc. (NYSE:AFL), Massachusetts Mutual Life Insurance Co., Swiss Re, Millennium Partners and Wellington Trust Co. -- had alleged that Wendy's spinoff plan violated the terms of the indentures governing Wendy's public debt. "There is no euphoria, you can see that in the market," observed Norman Levine, managing director of Portfolio Management Corp. "It's already a 'been there, done that."'
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Lakeview owns 18 hotels -- 11 of them in Alberta -- under the Lakeview, Lakeview Signature, Days Inn, Four Points Sheraton and Holiday Inn Express flags comprising 1,352 rooms in four provinces. It licenses another five Lakeview locations totalling 355 rooms in Brandon, North Dakota, Nova Scotia and New Brunswick. DUBAI, United Arab Emirates -- The heavily indebted Dubai World is not guaranteed by the emirate's government, a top financial official from the city state said Monday, offering little direction to anxious investors on a day when the United Arab Emirates registered a record fall on the back of Dubai's debt mess. On the first day of trading since news of Dubai World's debt crunch became public, Dubai's main stock exchange dropped more than seven per cent while the Abu Dhabi exc...
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Our hope is that the massive fiscal hole created by the unfunded liabilities of government programs begins to receive the same attention as Canada's debt. Awareness of the debt on the part of the public helped push federal and provincial governments to stop using deficit financing and to begin decreasing Canada's debt burden. Given the magnitude of the unfunded liabilities, Canadians have little choice. Without fundamental reform of government programs such as Medicare and OAS, young Canadians will be digging much deeper into their pockets to pay their future tax bill. No doubt few, if any, Canadians would welcome that news. But that's the situation facing Canadian tax payers as each of us is on the hook for another $150,211 in liabilities that our governments have racked up in debt an...
