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Searched Tag: national debt

Pakistan faces USD 100B loan repayment in next four years

September 20, 2024, 07:25 PM - 3 min read

Pakistan faces a challenging task of repaying USD 100 billion in external debt over the next four years, nearly 10 times its current USD 9.4 billion foreign exchange reserves, with the government relying on debt rollovers from countries like Saudi Arabia and China to manage the payments.

India's govt debt profile deemed safe and prudent: FM Sitharaman

May 14, 2024, 12:28 PM - 2 min read

Sitharaman raised concerns over comparisons made solely on absolute numbers without considering the GDP growth, which forms the basis of debt calculations. "Many times absolute numbers have been compared without considering the GDP growth on which the debt calculations are based," she stated.

Billionaire tech CEO Elon Musk has taken to the social media platform X to express his deep concerns about the United States facing the risk of bankruptcy.

CEO Elon Musk sounds alarm on US bankruptcy risk, says 'Overspending must stop"

March 13, 2024, 12:33 PM - 2 min read

"This is an amazing number to watch in the next few years," commented @WallStreetSilv. "We are not that far off from a day when 100% of individual income taxes are going to be required to pay for interest on the debt."