Tag: debt

The government explained the debt quota law

The government explained the debt quota law

During his intervention in the Congressthe head of the Treasury portfolio specified that the quota that the Government wants to acquire amounts to 17,607 million USD. However, he stated that the country has $2,180 million as of April but clarified that $3,546 million is due this year, leaving a deficit of Foreign currency of $1,366 […]

Deficit in public finances. The Monetary Policy Council issued a statement

Deficit in public finances. The Monetary Policy Council issued a statement

The public finance deficit could remain at a level comparable to that of the previous year (relative to GDP) in 2024, the Monetary Policy Council announced. “If we summarize all the changes mentioned above, assuming the implementation of the draft law adopted by the government and maintaining the current legal status regarding the budget protection […]

Social security in the 2024 budget. Mentzen: And we could dramatically increase the quality of the military

Social security in the 2024 budget. Mentzen: And we could dramatically increase the quality of the military

It is an economic flat earth to support large social programs and then be surprised that this creates a very high debt burden – says Sławomir Mentzen, an economist and one of the leaders of the Confederation. Parliament is working on next year’s budget law. The document was drafted by Donald Tusk’s cabinet, but is […]

Confederation: PiS and PO have released all brakes. “Even a flood after us”

Confederation: PiS and PO have released all brakes. “Even a flood after us”

PiS and PO have released all restrictions when it comes to spending public money. They have the philosophy “after us, even if the flood comes,” says Michał Wawer from Konfederacja. At the Confederation press conference on Monday, Michał Wawer and Jakub Banaś raised the issue of Poland’s debts. Confederation: PiS and PO have released all […]

Germany’s Accounting “Trick” Revealed: Here’s the Real Monster Debt

Germany’s Accounting “Trick” Revealed: Here’s the Real Monster Debt

Different from the German public finance model. It happens today that the debt publicized internally and externally is much higher than one would like to believe. Uncovering Pandora’s box and revealing the trick is the German Court of Auditors. The financial vehicles with which the German government financed extraordinary extra-budgetary expenditures, in fact, would be […]

Not such a low debt

Not such a low debt

On paper, Poland’s debt-to-GDP ratio is the lowest in nearly two decades, standing at just 48.1 percent. GDP, but this result is a strong falsification of the real state of affairs. If you believe that the media uncritically spreads the message that comes directly from the ruling camp, such promising data on the national debt […]

Africa: Representatives of religions want to reduce the debts of the countries of the continent

Africa: Representatives of religions want to reduce the debts of the countries of the continent

Representatives of different religions expressed concern that African states collectively have more than $1.1 trillion in foreign debt, and that 25 of them (out of 54) are in deep debt crisis. They pointed out that debt repayments and high interest rates prevent governments from providing social services such as health care, education and social assistance, […]

Ukraine’s gold reserves are the largest in history. Thanks to international aid

Ukraine’s gold reserves are the largest in history. Thanks to international aid

According to the National Bank of Ukraine, Ukraine’s gold and foreign exchange reserves amount to $41 billion in the second year of the war. This is another record. On August 1, Ukraine’s international reserves reached a record $41.7186 billion. This is another record after they reached 39.0265 billion a month earlier. In July there was […]

Joe Biden signs debt deal as US avoids default

Joe Biden signs debt deal as US avoids default

After several weeks of political confrontation, Joe Biden signed, two days before the deadline of June 5, the law that avoids the risk of US default, announces the White House. The US Congress has passed legislation suspending the US government debt ceiling through January 2025 and also setting some budget targets. The president thanked congressional […]

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