Category: debt-to-GDP

UK Government Borrowing Surges Aim High Inflation

May 23, 2023
Business & Marketsdebt-to-GDPdeficiteconomyUKWorld
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The UK’s public sector net borrowing rose to £25.6 billion last month, the second-highest April borrowing on record. It’s 14 percent higher than the Office for Budget Responsibility’s (OBR) estimate (£22.4 billion) and over 85 percent higher than borrowing in the same month last year (£13.7 billion). The figure is also the sixth highest since monthly records…

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BC Had Fastest Spending Growth Among Provinces Prior to COVID-19: New Study

January 4, 2023
CanadaCOVID-19 pandemicdebt-to-GDPJohn HorganProvincialWorld
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British Columbia had the fastest provincial spending growth in Canada even before the COVID-19 pandemic hit the country, a new Fraser Institute study has found. The study, titled “The End of Spending Restraint in British Columbia,” analyzed the province’s fiscal development since the election of John Horgan’s NDP government in 2017 to gauge whether or…

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South Korea’s Debt Growth Projects Fastest Among Developed Countries, Citing Super Aging Population

November 11, 2021
aging populationAsia & PacificBusiness & Economydebt-to-GDPEconomiesgovernment debtlow birth ratesSouth KoreaWorld
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South Korea’s debt-to-GDP ratio is projected to grow at the fastest pace among the world’s 35 most advanced economies over the next five years, and its potential GDP growth rate from 2030 to 2060 is also projected to be the lowest among the 38 OECD member countries. According to the International Monetary Fund’s (IMF) latest…

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