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Government Gross Debt 2012 - 2017
By Roque at 2012-10-26 15:49
http://www.dif.pt/c/document_library/get_file?folderId=580404&name=DLFE-17402.jpg

Ireland - Bailout programme had its first discussions about exiting it.
By Roque at 2012-10-26 15:16
The Government has held discussions with the Troika about what assistance would be available to Ireland as it exits the EU-IMF loan programme.


Read More: http://www.rte.ie/news/2012/1025/troika-review-ireland-business.html?view=print?view=print

Britain's government deficit is at a record high
By Roque at 2012-10-16 09:37
Britain's government deficit is at a record high. Public sector net borrowing excluding financial sector interventions – the government's preferred measure – widened to £14.41bn from £14.37bn in August 2011 – and is now the largest it has been since monthly records began in 1993.

What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes.

So last month the budget was in deficit. Here are the key facts for August - if you exclude the temporary effects of the financial interventions in the banks:


• The public sector current budget in August was in deficit (not including investment) by £13.2bn; this is higher deficit than in August 2011, when it stood at £12.7bn;
• public sector net borrowing was £14.4bn; in August 2011, it was £14.365bn;
• public sector net debt at the end of April 2012 was over a trillion at £1,039.5bn (64.8% of GDP). This compares with £909.6bn (66.1% of GDP)

If you include the financial interventions, the big headline figure would take net borrowing to £12.4bn in August - and the net debt to over two trillion to £2,140.7bn.

The ONS data below shows monthly, quarterly and annual debt and deficit

http://www.dif.pt/c/document_library/get_file?folderId=580404&name=DLFE-17101.xls

UK Deficit Could Surpass Greece
By Roque at 2012-09-27 17:38
Bad news for U.K. politicians clinging to the notion that the nation’s AAA debt rating indicates a clean bill of financial health. Morgan Stanley expects the British budget shortfall to earn the dubious distinction as Europe’s largest in 2013-14, surpassing even the deficit in troubled Greece.



http://www.cnbc.com/id/49147549

How many gold medals will get them out of debt?
By Roque at 2012-08-06 17:36
http://www.dif.pt/image/image_gallery?img_id=572307

UK economy contracts by a shock 0.7pc
By Roque at 2012-07-31 11:12
http://www.telegraph.co.uk/finance/economics/9425611/UK-economy-contracts-by-a-shock-0.7pc.html

Eurostat - Government debt at the end of the first quarter 2012
By Roque at 2012-07-24 10:40
More Information: http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-23072012-AP/EN/2-23072012-AP-EN.PDF

If member states leave the Economic and Monetary Union?
By Roque at 2012-07-09 13:17
http://www.dif.pt/c/document_library/get_file?folderId=24244&name=DLFE-15602.pdf

The euro crisis - A real mess
By Roque at 2012-07-03 11:35
http://www.economist.com/blogs/freeexchange/2012/07/euro-crisis?fsrc=scn/fb/wl/bl/arealmess

Working Out of Debt
By Roque at 2012-06-25 09:54
Link: http://www.dif.pt/c/document_library/get_file?folderId=24244&name=DLFE-15401.pdf

The deleveraging process that began in 2008 is proving to be long and painful. Historical experience, particularly post–World War II debt reduction episodes, which the McKinsey Global Institute reviewed in a report two years ago, suggested this would be the case.1 And the eurozone’s debt crisis is just the latest demonstration of how toxic the consequences can be when countries have too much debt and too little growth.
We recently took another look forward and back—at the relevant lessons from history about how governments can support economic recovery amid deleveraging and at the signposts business leaders can watch to see where economies are in that process. We reviewed the experience of the United States, the United Kingdom, and Spain in depth, but the signals should be relevant for any country that’s deleveraging.
Overall, the deleveraging process has only just begun. During the past two and a half years, the ratio of debt to GDP, driven by rising government debt, has actually grown in the aggregate in the world’s ten largest developed economies (for more, see sidebar, “Deleveraging: Where are we now?” on page 12). Private-sector debt has fallen, however, which is in line with historical experience: overextended households and corporations typically lead the deleveraging process; governments begin to reduce their debts later, once they have supported the economy into recovery.

UK Budget data
By Sian Wright at 2012-03-27 14:45
NO spending cuts within the UK Budget projections for the next five years, …
… UK government spending will increase, every year, including an expansion of +2.8% scheduled to be implemented this year.
The UK government is ‘banking on’ growth in Revenue that will exceed the rate of growth in Expenditures, including growth of +3.5%

In order to ‘support’ a sizable EXPANSION in SPENDING over the next five years (pegged at +12.7%), the UK Treasury is RELYING on an astronomical rise in Revenue over that same five year period, pegged at +33.4%.
Revenue is forecast to rise by +184.2 billion GBP over the next five years, or by nearly +40 billion GBP per year. But Revenue in February, pegged at GBP 38.631 billion was (-) 1.9% BELOW the year-ago February revenue of 39.381 billion.

The government, while forecasting an improved labor market, job creation, and growth in real wages, is preparing to FIRE a massive 700,000 state employees. Moreover, the government plans to cut Welfare expenditures, and significantly reduce the amount of money allocated to Defense.

Update
By Dif Broker at 2012-03-22 15:36
Economic Outlook of the Budget 2012

http://cdn.hm-treasury.gov.uk/budget2012_annexd.pdf

Debt in image
By Anna at 2012-02-16 14:16
http://www.difbroker.com/image/image_gallery?img_id=550509

Bank of England has added another £50 billion
By Sian Wright at 2012-02-10 14:37
Bank of England has added another £50 billion to its “asset purchase programme”

Boston Consulting - Back to Mesopotamia
By Sian Wright at 2012-02-10 13:00
http://www.docstoc.com/docs/97122913/BCG_Back_to_Mesopotamia_Sep_11%5b2%5d
Boston Consulting in this study arrived to the conclusion that total debt within a sovereign entity must be maintained below 180% of GDP. It will take 21 trillion of de leveraging in the US, UK and Europe to reach levels of 180%

Punk Economics
By Anna Dabrowska at 2012-02-10 12:52
http://www.youtube.com/watch?v=oAR0VRLRGHE&feature=player_embedded#!

Video in English, posted on DIF Broker Portuguese panel site.

From Demon ocracy Info
By Sian Wright at 2012-02-10 09:51
Amazing the amount of debt

http://demonocracy.info/infographics/usa/world_debt/images/demonocracy.info-a_world_in_debt-large.jpg

Euro area government debt down to 87.4% of GDP
By João de Deus at 2012-02-06 13:33
Eurostat publishes for the first time a News Release with quarterly data on government debt. This new quarterly euro-indicator will be issued around four months after the end of the quarter of reference.

http://www.facebook.com/Dif.Broker?sk=notes#!/notes/dif-broker/euro-area-government-debt-down-to-874-of-gdp/10150588978622863

Uk debt passes 1 trillion pounds (the Telegraph By Szu Ping Chan)
By Sian Wright at 2012-02-01 16:42
Public sector net debt excluding financial interventions, such as bank bail-outs, rose to £1.004 trillion in December, as the Government borrowed nearly £14bn last month despite its continued austerity drive.

The £1 trillion figure was the highest since records began in 1993, and represents 64pc of GDP. The Treasury has not recorded an annual surplus since 2001/02, when it repaid £243m into the nation's coffers.

The Government has forecast that servicing Britain's debt will cost £47.6bn in the current financial year, rising to £65.5bn in 2016/17.

A Treasury spokesman said: "That our national debt has reached more than £1 trillion simply shows the unsustainable level of spending this country built up over the past few years, and shows why it is critical for our nation's future that we deal decisively with the deficit."

The Office for National Statistics (ONS) said it expected the figure to ease back in January due to tax inflows, but to rise again in February.

Eurozone debt web from BBC
By Sian Wright at 2012-01-31 10:41
How nicely explain by the BBC how some debt is different from other. We will see in the future if it is really that different.
http://www.bbc.co.uk/news/business-15748696

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