MANILA (Philippine DailyInquirer/ANN): The Philippines is seeking a fresh loan of US$300 million from the World Bank to purchase vaccines for Covid-19, according to documents from the multilateral lender seen by the Inquirer on Saturday (Jan 2).
By Reuters Staff
3 Min Read
DUBAI (Reuters) - Oman expects its public debt to reach around 21.7 billion rials ($56.37 billion) by the end of 2021, with international borrowing making up 76% of total public debt, a finance ministry document showed.
That would mean a rise of about 23% since end-2019, when the figure stood at 17.6 billion, according to a government bond prospectus.
Oman expects a 2021 budget deficit of 2.24 billion rials as public spending of 10.88 billion tops revenue of 8.64 billion, the finance ministry document showed.
To make up the shortfall the government aims to raise about 1.6 billion through borrowing and draw 600 million from its reserves.
Poverty is a lack of money or material possessions. Poverty is usually accompanied by debt obligations to others. Debt, whether or not associated with poverty, is a form of slavery. Following God s principles will break the hold of both poverty and debt.
First of all, you must commit yourself, your finances, your family, and your life to Jesus Christ. Agree to live by God s principles and seek to know what He has to say to you in your situation. Be absolutely honest about the faults and mistakes in your life, past or present, that may have caused your problem of debt. To escape trouble, you must know what put you there.
Oman expects its public debt to reach around 21.7 billion rials ($56.37 billion) by the end of 2021, with international borrowing making up 76% of total public debt, a finance ministry document showed.