5.15.2010

US: “gross financing needs”


US faces one of biggest budget crunches in world – IMF

Excerpt:

Exhibit a is the fact that under the Obama administration’s current fiscal plans, the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015 – a far steeper increase than almost any other country.

...

Then there’s the fact that the US has a far shorter maturity of government debt than most other countries, meaning that even if it weren’t borrowing any extra cash it would have to issue a large chunk of new stuff each year as things are.


Comment: Read on about our country’s “gross financing needs”

No comments:

Post a Comment

Any anonymous comments with links will be rejected. Please do not comment off-topic