It plays an active role in integrating substantive activities financed with extrabudgetary funds with those financed with the regular budget.

Of course, the various components of debt differ considerably in their character and sources of financing and thus in their sustainability. But all parts of a country s total debt and how it is financed are interconnected.

Supplementary activities continue to be financed with separate funding.

If banks of all kinds were financed with more equity, they would have stronger buffers to absorb losses. Both the equity and the debt issued by well capitalized banks would be safer and therefore cheaper.

Europe s Brush with Debt

Down with Debt Weight

In several countries, debt financed housing booms have left households and companies over leveraged and governments have reduced deficits to contain their own debt. As a result, there are likely to be too few investors and too many savers.

When considering today s concern about Japan s high public debt to GDP ratio, now at 202 on a gross basis, one needs to reflect that the ratio would most likely be profoundly lower if Japan had in the past financed more of its deficit spending with trills instead of conventional debt, and issued them to investors around the world. A lower debt burden would certainly help Japan deal with its economic slowdown.

Kuwait had therefore developed and financed projects with several developing countries.

It was not asking for IMIS to be financed with savings from any section or programme IMIS would be financed within the totality of the budget.

Banks everywhere are learning the hard way that the debt with which the US financed its consumption boom will not necessarily be repaid. The mortgage backed securities that US banks succeeded in selling to the world are not comparable to European assets with similar names.

Lo! we are laden with debt!

Lo! we are laden with debt!

Surely we are burdened with debt

Surely we are burdened with debt

Sovereign debt restructurings with private creditors

Jointly financed activities

Financed by Canada

Financed by Switzerland

Financed by Sweden

Africa needs debt cancellation, as no growth can take place with a heavy debt burden.

The US has made a complete U turn in ideological and practical terms, relying on Keynes and massive debt financed public demand to rein in further economic decline. But Europeans, while having launched national recovery plans, remain unwilling to take on a similar debt risk.

(c) Deal effectively with African external debt

You're gonna pay a debt with peppermints?

Coming at a time when the technology industry is under increasing scrutiny in the developed world as governments struggle with budget shortfalls and rising debt, this seems to me to be a questionable decision. Companies ability to minimize their global tax burden, while boosting their earnings per share through buybacks in some cases financed with debt does not strike me as a stable trend.

Likewise, while limiting the deductibility of net interest for corporations, as many other developed countries have done, would broaden the tax base and discourage excessive reliance on debt financing, it would increase the tax burden on major investments in physical capital, which are often debt financed.

Jointly financed administrative activities

Jointly financed administrative activities

Projects financed by MASPFE

C. Jointly financed posts

PRIVATELY FINANCED INFRASTRUCTURE PROJECTS

PRIVATELY FINANCED INFRASTRUCTURE PROJECTS

27. Jointly financed administrative

1 000 projects financed

39. In 1997, four low income countries concluded debt and debt service reduction agreements with commercial banks.

Senior Fed officials emphasize that big banks fund themselves with more equity now than they did in the past. But the Global Capital Index constructed by Thomas Hoenig, the FDIC s vice chairman, indicates that the largest US banks are still 95 debt financed.

19. The drop in external demand was met initially by an increase in government spending, financed by internal (1978 80) and external indebtedness (1978 81), with aggregate external debt rising from US 1,375.8 million in 1978 to US 2,549.1 million in 1981.

A. Frameworks to deal with the debt problems

Then decide. That settles his debt with me ...

For many countries in the region with severe debt burdens, the large share of multilateral debt continues to represent an obstacle to improving their debt profile.

With regard to debt, speakers welcomed the progress made this year, in particular the G 8 debt initiative.

Noting with concern the continuing debt and debt servicing problems of heavily indebted developing countries as constituting an element that adversely affects their development efforts and economic growth, and stressing the importance of alleviating once and for all, where applicable, their onerous debt and debt service burden with the aim of attaining a sustainable level of debt and debt service,

Fiscal consolidation. Large budget deficits are absorbing the national savings that should be used to expand business investment, and are increasing the national debt that will have to be financed by future taxes.

Projects financed by other departments

(1) Gross jointly financed budget