Discover and read the best of Twitter Threads about #Debts

Most recents (13)

#Germany #Coronavirus #Debts

As a result of the corona pandemic, Federal Finance Minister Olaf Scholz wants to significantly increase new debt again this year. The supplementary budget for the current year is expected to amount to over 60 billion euros,
the news agency Reuters learned from coalition circles. This would increase the already planned new borrowing this year to a record value of over 240 billion euros.
The SPD minister wants to present details of the supplementary budget as well as the key figures for the 2022 budget to the cabinet on Wednesday. It is expected that the debt brake will also be suspended for 2022 in order to enable high levels of new borrowing.
Read 4 tweets
#Italy #Rome #DEBTS (#Coronavirus)

At the end of last year, Italy's total public debt soared to almost 2.57 trillion € (US$ 3.12 trillion), the Bank of Italy reported on Monday.
Compared to the amount of public debt at the end of 2019, the number represents a rise of 6.6 percent, or 159.4 billion €. But since, according to preliminary estimates from the country's National Statistics Institute, or ISTAT,
Italy's gross domestic product (GDP) contracted by an estimated 8.8 percent last year, that means public debt as a percentage of the economy increased from 134.7 percent at the end of 2019 to 157.6 percent of GDP at the end of 2020.
Read 4 tweets
#Greece #Athen #Debts #Coronavirus

Greece is getting rid of the baggage of previous crises. Because the state is continuing its early repayment of billions in loans from the International Monetary Fund (IMF).
The process has been initiated for the payments due in 2021 and 2022, said the Ministry of Finance in Athens. This is a total of 3.6 billion euros.
Finance Minister Christos Staikouras announced at the beginning of June that he would not decide on the move until the second half of the year due to the coronavirus pandemic. In 2019, Greece had already repaid 2.7 billion euros early.
Read 4 tweets
Long Threade

#Laos #China #Vientiane #Debts #Sovereignty

China's economy is growing, even in times of pandemic. And with their political, the political and economic influence of the country. But under Prime Minister Xi Jinping,
external foreign policy has become strikingly aggressive. That belongs especially to the neighboring countries. What is it like to be a neighbor of the new China? In a mini-series, the situation exists in four neighboring countries.
Laos is actually a rich country. Many precious metals are mined, especially copper, but also gold, iron, silver and tin. And hydropower helped a lot in the Mekong Basin. That is why the Laotian government belongs in the right for a lot of money.
Read 22 tweets
#Germany #Coronavirus #Debts

The Federal Republic of Germany is expected to take on a total of more than 300 billion euros in new debt for 2020 and 2021. The Ministry of Finance recently said that the total debt of the federal, state, municipal and social security funds,
which rose drastically in 2020, measured against gross domestic product, will remain stable at around 75 percent in 2021. If economic output increases more strongly after the crisis, the rate could also decrease slightly.
It will be "well below the peak in 2010," it said on Friday with a view to the 2021 draft budget.
Read 3 tweets
#Germany #debts #tax #increase #Coronavirus

Because of the corona crisis and the spending enthusiasm of the grand coalition, the constitutional budget is in danger. Fiscal politicians expect tax increases after the 2021 election.
The federal budget is currently in deficit at € 90 billion. The German Finance Minister Olaf Scholz (SPD) was very relaxed. "We have the finances under control," he announced at the presentation of the latest tax estimate, despite all the billions in revenue shortfalls.
The chief treasurer has to close huge holes in the budget. Almost 30 billion euros are missing from the financial plan until 2024 in order to present a constitutional budget at all. Too much borrowing is against EU and German law.
Read 3 tweets
#Japan #Tokyo #Debts

Japan's national debt has increased from 250% of economic output last year to 270% of economic output, 2017 it was 236%!!. Japan has had the highest growth in debt in several years. Economists even speak of an "unknown terror" and cant say wehre it end.
The reasons for this are:
-Aging society,
-low birth rate,
-lowest immigration rate in the world,
-difficult to obtain work visas,
-low innovation rate.
Japans national debt is atm at $12,180,239,362,641 / ¥1,279,473,243,848,623
Read 3 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
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@TosinOlugbenga
Read 3 tweets
#China’s #GDP growth rate in Q2 remained within the official target range set earlier this year, though still dropped to 6.2% from 6.4% in Q1. Behind this, 1. #consumption growth has been under pressure with nearly zero increase in middle class income;
2. #Manufacturing #nvestments have been at low level while debt pressure has been high at local governments. High financing cost along with squeezing effects during economic slowdown has also hindered private investment activities.
3. As the effect of “#export rush” fades, export has tended to slow down amid ongoing China-US #trade friction and slowing global #economy. From a recent speech by economist Li Xunlei: mp.weixin.qq.com/s/PtaJo2OBvaNG…
His suggestions for policymakers for the second half this year are:
Read 6 tweets
Latest #macroeconomic data released by #China shows a conspicuous drop of #housing price in major cities. This could signal the arrival of an adjustment period for the country’s housing market. mp.weixin.qq.com/s/yCaLMtc7NTWv…
In a recent article, cf40 member Zhong Wei found five signs that may signal the end of an era when “people could get rich overnight by simply buying a house in #China.” 1.A strong #economic cycle with high growth rate and high profitability has passed;
2. A slowing down growth rate of household income; 3. Declining housing transactions in first-tier cities. The growth rate of rent in big cities has also dropped; 4. Decreasing household savings and increasing #debts;
Read 4 tweets
#China’s fiscal approach amid ongoing external economic &trade uncertainties:
1. Maintain steady growth of “broad #credit”-the sum of debts&loans to residents, firms & govts, which not just creates #debt but also financial assets which can help increase purchasing power.
2. Currently, the #credit and loan growth out of general govt spending and local govt financing platforms is a main stabilizer of #China’s #macroeconomic growth.
3. More “special #bonds” should be issued to support #infrastructure investments that generate low cash flow and are less profitable, meanwhile clarifying the #market-government boundary.
Read 7 tweets
Gute Zusammenfassung der Geschehnisse seit 2014/2015 (Migration/Masseneinwanderung/#Grenznichtschließung etc.): . Beschleunigung durch BARGELDZAHLUNGEN an afrikanische Migranten wird erwähnt. Die unverdient-dunkle #Zukunft der weißen europäischen #Männer
..
.. wird sozusammengefasst:
"[..] #enemies of #WesternCivilization will [..] indoctrinate the younger generation to vote for their own demise, while [..] leaders continue to rack up [..]#debts that will act as a funeral pyre upon which the corpse of #European man shall be burnt."
Detail: Das oben angegebene Video endet mit einer bekannten Fotographie eines #Minenarbeiter​s*, aufgenommen von B. Anthony Stewart.


* Gibt es eigentlich Diskussionen zu einer #Frauenquote im Gold-/Kohle-/Kupfer-/Salz-/Silber-/Uran-#Bergbau?
Read 4 tweets

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