Drawing on this prior literature, as long as municipalities attempt to avoid debt limits by creating new entities to which they transfer their municipal debt
(Cuadrado Ballesteros et al., 2013b; Fernandez-Llera and Garcia-Valinas, 2013; Perez Lopez et al., 2014), we expect that including NFS and PC corporations within the perimeter of GGS consolidation will increase the debt ratio; in other words, the increase in outstanding debt is larger in proportion than the increase in total current revenues.
is used primarily to fund capital improvement projects, (68) which include all construction, renovation, improvement, fabrication, and customization projects within a municipality's borders.
It adds that local borrowing in the Czech Republic, Poland, Romania and Turkey will account for 84 percent of municipal debt
in the region.
In his maiden Budget finance ministry Arun Jaitley had announced the plan to increase the Pooled Municipal Debt
Obligation (PMDO) facility set up in 2006 with participation of several banks to promote and finance infrastructure by 10 times from the current level of Rs 5000 crore.
Would framers of the state constitution be surprised to learn that the requirements for taking on municipal debt
only apply to the local government entities specifically named in the constitution?
to make sure that we embark on these reforms of municipal debt
The internal debt amounted to BGN 440.7 M (48.3%), and the external debt stood at BGN 471.3 M, with the Sofia Municipality accounting for a share of 50.1% of the total of municipal debt
If they want to get rid of the remaining stock of around 500 billion forints worth of municipal debt
, they can do that by indicating a willingness to pay the levy on this additional chunk as well, according to the bill.
This issue of Government Finance Review provides in-depth articles about municipal debt
that will help finance officers who do not regularly issue bonds and manage outstanding debt better understand this extremely important area of public-sector financial management.
"Our finances are in order, our municipal debt
load is low, our municipal reserves are healthy, and our budget is balanced."
* Over the past decade, church municipal debt
has increased by an estimated 80 percent and "state and local authorities have issued municipal bonds for the benefit of at least 50 dioceses in almost 30 states to pay for the expansion and renovation of facilities that would previously have been largely paid for through donations."
With the addition of Standard & Poor's Ratings in Xpressfeed clients can link the municipal debt
obligated by a corporation directly to the rich company level information that Xpressfeed clients have come to rely on.