Page 3 - Aborrowings News Today

THE national governments gross borrowings significantly dropped in September compared to a year earlier, Bureau of the Treasury data showed.

The cost of servicing the debt is now the single largest expenditure item in the budget

THE national governments gross borrowings fell in August compared to a year earlier, Bureau of the Treasury data showed, dropping by 6.9 percent to P124.06 billion from P133.34 billion a year earlier.

THE Monetary Board (MB) greenlit $2.70 billion in public sector foreign borrowings in the third quarter of this year, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

In a week where the parent company’s ratings were downgraded comes news that it will go ahead with a demerger of its businesses

In 2022-23, the net financial assets of Indian households stood at 5.1% of GDP, the lowest in at least 23 years. The previous low was in FY15, at 7.1%, according to a September 2022 Motilal Oswal report.

A report by the think tank Centre for Social and Economic Progress highlights Indias problem of off-budget borrowings at both the Union and state levels. The report reveals that South Indian states have the highest off-budget liabilities, with Telangana being the highest borrower. The report also points out that off-budget liabilities significantly increase the debt-to-GSDP ratio of states.

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), while remanding the matter back to the department, held that the interest paid on borrowings is allowable against FD income if any...

THE national governments gross borrowings rose in the first half, Bureau of the Treasury data showed, surging by 32.9 percent to P1.42 trillion as of the end of June from P1.07 trillion a year earlier.

'Significant doubt on the company’s ability to continue as a going concern': BDO warning