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Change in public debt due to last government’s ‘imperfect’ policies: ministry

ISLAMABAD: In response to an opinion piece published in The News entitled “The Prime Minister of Debt” dated February 10, 2021 regarding the increase in public debt during the term of the current government compared to the previous government (2013- 18), the Ministry of Finance said that the evolution of the stock of public debt […]

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Silent session, debt issuance continues to be heavy

Remarks/Observations Eurozone Sentix investor confidence turns positive for 1st time in nearly a year Debt issues continue to be significant in early January Asia: China Dec CPI Y/Y: 0.2% V 0.0%E IMF cuts China’s GDP growth forecast for 2021 from 8.2% to 7.9% RBNZ disclosed a data system breach, but does not believe it is […]

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PTI’s debt management improves in second year

ISLAMABAD: After a poor showing in its first year in office, Pakistan’s Tehreek-e-Insaf (PTI) government managed to bring about some improvement in public debt management in its second year by reducing the cost of borrowing while slowing the rate of debt accumulation. Although public debt skyrocketed to unsustainable levels in the first two years of […]

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Only 1% of companies want one-time debt overhaul as business outlook improves: Crisil

With improving business confidence and the gradual recovery underway, only 1% of rated Indian companies have expressed interest in a one-time debt restructuring program (OTDR), according to the rating agency Crisil. In August 2020, the Reserve Bank of India (RBI) formulated an OTDR program for companies in difficulty due to the Covid-19 pandemic. He had […]

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Debt consolidation is the number one reason Australians take out personal loans, according to Plenti

Whether it’s spending more time at home or getting a new perspective on life, many Australians across the country have made great strides toward meeting their financial goals by taking a Personal loan. In fact, according to a recent update of the loan portfolio of peer-to-peer lender, Plenti, debt consolidation (27%) was the main financial […]

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Hawkeye Associates Debt Consolidation Scam Is Stronger Than Ever

Is Hawkeye Associates a Scam? We let you judge. Hawkeye Associates lures you in by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to HawkeyeAssociates.com or myHawkeyeAssociates.com. More than likely, you will […]

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Pros and Cons of Debt Consolidation Smart change: personal finance

Disadvantages of Debt Consolidation A debt consolidation loan or a credit card with balance transfer may seem like a good way to streamline debt repayment. That said, there are some risks and drawbacks associated with this strategy. 1. May come with additional costs Taking out a debt consolidation loan may incur additional costs such as […]

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LCCI: The majority of Nigeria’s debt is not tied to specific projects

The Lagos Chamber of Commerce and Industry (LCCI) says the majority of Nigeria’s borrowing is not tied to specific assets and projects. Speaking to reporters on Wednesday, Toki Mabogunje, chairman of the LCCI, said it was crucial to replace existing debts with asset-linked securities to reduce the amount of money owed by the country and […]

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Paying Off Student Debt Is The Biggest Life Milestone For Millennials

As the nation’s total student debt consolidation exceeds $ 1.5 trillion, many millennials have delayed buying a house or getting married to repay their loans. Yet some Americans make the time to pay off their loans a step in itself. Viral music videos, parties and other celebrations show people celebrating their loan repayments. Business Insider […]

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How much do you owe? How Credit Card Debt Has Changed In 2020 Personal finance

The year 2020 has changed the lives of families around the world. Amid major adjustments like working from home, virtual education, and new healthcare precautions, there was another area where Americans experienced change. The Covid-19 pandemic has changed consumer credit card habits nationwide. In a year in which millions of people have been left homebound […]