The Latest Breaking News from National Debt

The government is sitting on (nearly) a trillion dollars of debt. How big a problem is it?

In late June, Australia's national debt was $895 billion, but many economists argue the total, or gross debt figure is not the best debt figure to look at, Tom Lowrey writes.

ABC News · Oct 23, 2022

Pound falls and UK borrowing costs rise despite Jeremy Hunt debt promise

Chancellor says he will do ‘whatever is necessary’ to bring down national debt

The Guardian - UK · Oct 21, 2022

Mike Pence caught sighing when asked about Kevin McCarthy pledge to limit Ukraine aid if GOP win midterms

The House minority leader said he supported Ukraine, but was concerned by the national debt

The Independent UK · Oct 19, 2022

Five charts that will underpin chancellor’s mini-budget

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

The Guardian - UK · Sep 23, 2022

Saudi Ministry Signs Infrastructure Financing Deals Worth $6 Billion

Saudi Arabia’s finance ministry has signed financing agreements with local banks worth SAR25 billion ($6.65 billion) to fund infrastructure projects due to start in 2023-2024, the National Debt Management Center said on Wednesday. Saudi Arabia’s planned projects come in line with the ministry’s goal to enable and support strategic infrastructure…

Asharq Al-Awsat · Sep 15, 2022

Energy bills set to be frozen at £2,500 for typical households - how we'll pay for it

New details are emerging of Liz Truss's plans to freeze gas and electricity bills this winter at around £2,500 for the typical household- which allies argue is about the same as current bills, once you factor in a £400 discount

Daily Mirror · Sep 6, 2022

There’s no need for a national debt, now or in indy Scotland

THE City of London is home to many useful and responsible financial institutions. But this respectable facade also conceals a host of less savoury…

The National (Scotland) · Aug 27, 2022

Saudi Arabia Prepares to Launch Individual Savings Sukuk

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) are seeking to develop and launch individual savings Sukuk to motivate individuals to design better plans for the future and seek strategic partnerships with the private sector. The two entities signed a memorandum of understanding (MoU) with SNB…

Asharq Al-Awsat · Aug 11, 2022

Lebanese Face Long 'Insulting' Queues to Buy Bread

In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can't afford any. In a country which once boasted the nickname "Switzerland of the Middle East" for its thriving banking sector before financial crisis hit in 2019,…

Asharq Al-Awsat · Jul 31, 2022

How costly political realities undercut Ghana's electricity reforms

Ghana reformed its electricity sector by the book but has lurched from blackouts between 2012 and 2015 to a glut of energy which costs government about 5% of GDP. Fitch ranks the energy sector as the biggest driver of national debt. How did this happen? It’s a classic case of…

The Conversation · Jul 27, 2022