Page 4 - State Debt News Today

States continued to pay higher coupon rates to bond investors with average price remaining 7.69 per cent at the latest auction on Tuesday. So far, the states have taken Rs 5.67 lakh crore of debt so far this fiscal, which is 33.5 per cent more than what they had raised in the same week last fiscal when it had stood at Rs 4.22 lakh crore.

The rating agency noted that overall borrowings of 18 states, which constitute 90% of the countrys gross state domestic product, is likely to increase by 9% to over Rs 87 lakh crore in FY24 compared with Rs 79.5 lakh crore in FY23.

States debt will remain elevated at 31-32 per cent of their gross domestic product amid higher capital outlays and moderate revenue growth this fiscal, with overall borrowings likely to rise by 9 per cent to over ₹87 lakh crore, a report said.

During the pandemic, Uruguay racked up a staggering $1.996 billion in debt to women, highlighting gender economic disparities in work, unpaid work, and unfulfilled state benefits.

An economist Yusuf Wibisono disclosed a number of legacies of President Joko "Jokowi" Widodo that will burden the next president.

The prices shot up reflecting the overall higher risk averseness of investors with the rising interest rates.

>> yeah. yeah. and thats what happens with you inherit a blue state that has done that. but when you look at what we did on debt, brad, in that state, we cut debttate in that state debt that had beento left to us by three democratic gubernatorial predecessors of wo mine who ran up that debt tremendously. ranand what you also saw us dos to cut the unemployment rate in half. it was over 10% % whenwhen i i . governor in 2010. what we also did was cut we also pension payments to publicpublic employe...

States borrowing cost rose as they offered a coupon rate of 7.49 per cent for the securities sold in auction on Monday. Nine states together raised Rs 13,200 crore from selling government securities in the auction held on Monday.

YSRCP Minister Roja’s Strong Counter-Attack To BJP's Purandeswari Over State’s Debt Profile Tirupati: The ruling YSRCP minister RK Roja came down heavily on the Andhra Pradesh BJP chief D Purandeswari who targetted the state government for its borrowings from the centre. The BJP leader recently met the Union Finance Minister Nirmala Sitharaman in New Delhi and alleged that the

China will benefit from a lot of stuff. the reason why florida has done good leading net immigration and new business formations are employment rates way lower than the national average is because we have rejected the bidenomics. we govern conservatively. we do not spend our state into oblivion. we run big budget surpluses, weve actually paid down billions of dollars in state debt and a reasonable regulatory climate but all the other issues you have talked about are important in driving migratio...