Debt, inequality and austerity
‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…
German budget row prises open debt brake debate
Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment trumps an earlier political obsession with fiscal…
No more gas circular debt buildup?
Gas price rationalization is a big reform undertaken by the caretaker government in view of the fact that in the past successive political governments failed to implement it. Increases in…
Debt and austerity: developing world deep in economic crises
In its ‘World Economic Outlook, October 2023’ Report, the International Monetary Fund (IMF) has said that ‘The global recovery from the Covid-19 pandemic and Russia’s invasion of Ukraine remains slow…
Private savings, govt dissaving: debt
Savings by an individual/householder or a government have different objectives and constraints and while a healthy savings account maybe a desired goal for a householder yet it is not always…
Eni, Repsol to upgrade oil-for-debt deal with Venezuela
European oil majors Eni and Repsol plan to expand an oil-for-debt deal with Venezuela under US approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries…
Anatomy of ‘Debt Management Strategy’
Pakistan’s persistent fiscal imbalance has cast a negative shadow on the overall economic scenario. Unless significant and enduring fiscal reforms are initiated and implemented with full vigour, the likelihood of…
Debt, weak multilateralism, and austerity
The number of developing countries having high debt levels, that is having public debt more than 60 percent of their gross domestic product, increased from 22 countries on January 1,…
Climate change, debt, and inflation
“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not a personal, private experience,” says historian Adam Tooze. “This…
Domestic and foreign savings: government must cease reliance
National savings rate is an important indicator of an economy’s financial health, and its identity with investment determines how much a country needs to borrow domestically (deficit financing, a highly…
