Nearly 370 different ideas to dig the government out of $70 billion in debt were submitted, and lawmakers have picked out 156 of them for further consideration. According to the Associated Press, the proposals range from eliminating various government agencies to cutting down the number of public holidays.
But if the borrower can’t pay that full lump sum, which typically takes up more than a third of the borrower’s next paycheck, Bourke said, the borrower renews for another $55 fee, getting onto a never-ending cycle. “They go back and they borrow the money again in order to make ends meet,” he said.
According to the grim report by savings and investment firm LV, a fifth of women and 12 per cent of men who are within five years of retiring have no private pension and will rely solely on the state.
These people will see their income fall by three-quarters on average to around £110 a week.
Antonakakis, a Greek economics lecturer, said he had been prompted to look into a potential link between austerity and suicide rates after media stories and reports of friends of friends dying from suicide.
A figure of €2.5bn would be more than three times the €800m the government had originally estimated, but almost all of the political opposition has argued that the notion of a primary surplus is a fiction cooked up by a government that has not only trimmed the books savagely but failed to include factors such as state debts to suppliers.
State statistics show police and fire retirement funds have an average of 55 percent of the money needed, down 20 percent the past two decades. Mayors say part of the problem has been legislator-approved “pension sweeteners” with no additional money to pay for them.
Now, the comptroller is showing off where your state tax dollars are going. She has included statistics in the tax return that you receive from the state. The sheet shows that at the end of 2013, the state had $7.6 billion in unpaid bills. It also showed that the state had more than 73,000 unpaid bills.
The 100 respondents in the survey raised their outlook for inflation at the end of this year to 6.51% from 6.47% last week. It was the seventh consecutive increase in the inflation view for the end of this year and the economists’ forecast now is above the central bank inflation target.
At least 35 people were killed on Spanish roads over the latest Easter break, up from 26 in 2013.
“Spanish roads are facing unprecedented deterioration and only a sudden change of tack in the 2015 budget can prevent a debacle,” said Juan Francisco Lazcano, president of Spain’s AEC, presenting a report on the state of the Spanish highways.
Inflation and low returns on deposits have led bank customers to lose more than $100 billion in purchasing power in each of the last five years, said MoneyRates.com, which provides consumers with information about bank rates, investing and personal finance.
Ukraine’s state debt in 2014 will increase by Hr 219.6 billion, or 37.6%, to Hr 804 billion, or from 40.2% of gross domestic product (GDP) to 52.7% of GDP, the Ministry of Finance has forecast.
Russia will make Ukraine prepay for gas unless it starts paying down the debt it has accumulated through March, Prime Minister Dmitry Medvedev said today in the State Duma, the lower house of parliament, in Moscow. “Gas for cash,” he said.
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