After its trading statistics started to be released in December 2004, its notional amount outstanding increased eight times and reached $58 trillion
within three years.
Likewise, households own about $6 trillion
in bonds and money funds.
BEIRUT: The telecoms sector proved to be a boon to the government as the revenues from this lucrative industry helped the Finance Ministry reduce the budget deficit in the first nine months of this year by close to LL1 trillion
($666 million), figures released by the Finance Ministry showed.
The result: We went from projecting $3 trillion
in deficits over 10 years to a balanced budget and projected surpluses of $5.
Japan's emergency economic stimulus package to be adopted next Monday is expected to total more than 20 trillion
yen, a business daily reported Friday.
for the first eight months of 2006, has already surpassed the $1.
The government has submitted to the Diet an estimate that the outstanding debt would continue to expand and top 1,000 trillion
yen at the end of the current fiscal year in March, despite Prime Minister Yoshihiko Noda's resolve to rehabilitate Japan's fiscal health, the worst among major developed countries.
After peaking in 1991 at 39 trillion
yen in returns from 600 trillion
yen in interest-bearing financial assets (mostly bank deposits), households' interest income has nose-dived to less than 5 trillion
yen from 860 trillion
yen in interest-bearing assets.
plan, the budget resolution clipped that down to a $1.
The Congressional Budget Office projects a $3 trillion
budget surplus over the next 10 years - although there is no guarantee these surpluses will materialize if the economy slows down or if Congress continues to break its self-imposed spending caps.
Investments of more than $48 trillion
) will be needed to meet the world s energy needs by 2035.
yen ($513 billion), exceeding the earlier forecast 39.