The member states of the European Union are allowed to have a budget deficit of more than 3 percent and a government debt above 60 percent of gross domestic product (GDP) until 2024, the European Commission reported Monday. In normal times, there are strict rules regarding public finances, but due to the corona crisis, these … Read more
Jakarta – Critics often approach the Minister of Finance Sri Mulyani Indrawati in the context of debt management. Criticism is no exception when it comes to debt management during the COVID-19 pandemic. This time the criticism came from the DPD RI during a work meeting. Foreign debt is considered to continue to increase in the … Read more
Berlin For Christian Lindner (FDP) these are not good reports. On Monday, lawyers and economists will bow to a hearing in the Bundestag about the supplementary budget of the new Federal Minister of Finance. The expert opinions submitted to the budget committee in advance are sometimes devastating. One professor ruled that it was “unconstitutional”, while … Read more
It was something like the first official act of the new Federal Finance Minister and FDP boss Christian Lindner. Shortly after he was sworn in, he enacted a law for a supplementary budget, which as an opposition politician he would have castigated as unsound. He wants to transfer unused Corona loans from 2021 so that, … Read more
Credit rating agency Moody’s has lowered the creditworthiness of Flanders. Minister of Finance and Budget Matthias Diependaele (N-VA) says he is “proud of the backing that we have provided to our entrepreneurs from Flanders”, and is working on a proposal to tackle the Flemish debt ratio. – The rating agency Moody’s lowered the creditworthiness of … Read more
The country has been hit hard by the Corona crisis and is more indebted than any other in the euro area. In order to remain creditworthy, the finance minister uses a trick. The Corona recession has thrown Greece far behind in reducing its national debt. Now Athens wants to reduce the debt ratio with the … Read more
Finance Minister Sri Mulyani said she was happy that many parties were highlighting the state debt. (Source: Ministry of Finance) JAKARTA, KOMPAS.TV – Minister of Finance Sri Mulyani Indrawati said she was happy when many parties paid attention to the management of state finances, including Indonesia’s debt during the Covid-19 pandemic. He said that this … Read more
Jakarta – Debt has been a hot topic of discussion lately. What is discussed is not debt in banks, neighbors let alone borrowing, but state debt. Starting from the statement of the Supreme Audit Agency (BPK) which warned about the government’s ability to pay debts. BPK assesses government debt and interest costs have exceeded GDP … Read more
– The Commission can start borrowing for the Next Generation EU development plan, as all 27 EU countries have ratified the necessary decisions. The total amount is 750 billion euros in 2018 prices – or a good 800 billion euros after adjusting for inflation. The money is raised in the capital markets. Some of the … Read more
– Federal Minister of Finance Olaf Scholz A calculation from his ministry shows that the federal government could benefit from the low interest rates in the long term. – (Foto: ddp images/Pool action press) – – – – Berlin Earning money with debt – that sounds too good to be true. But for the federal government … Read more