Tag Archives: public debt

UK | 10 key facts about debt in the UK

The UK government is paying virtually the lowest amount of interest on its debt in recorded history, as a proportion of GDP. Of the payments it is making, most are to people and institutions in the UK, with just 25% of UK government debt owed outside the country. In contrast, 24% of the UK government’s debt is owed to the UK government itself, via the Bank of England.

Hunger, Foreign Debt and Uganda’s Fairytale Budgets

An abiding image of Uganda in April 2017 is of a group of elderly people squatting around an anthill, men and women, patting it with bunches of greenery to coax the termites out. They then pluck up the termites and eat them, not as the seasonal delicacy usually caught by young people on moonlit nights but as a primary source of nourishment.

Puerto Rico | Puerto Rico to shut down 179 public schools

By Rafael Azul

It has not taken long for the formal declaration of bankruptcy by Puerto Rican Governor Ricardo Roselló to be followed by a savage attack on social and pension rights.

On Friday, May 5, the Roselló administration followed up its May 3 request for bankruptcy protection for the US Commonwealth of Puerto Rico, with plans to shut down 179 schools across the US territory. The closures will force at least 27,000 students to seek alternative schools, in many cases far away from their homes.

Cambodia Rejects US War Debt

“We should raise our voices to talk about the issue of the country that has invaded other (countries) and has killed children,” said Cambodia’s prime minister.

Following the United States’ renewed insistence that Cambodia pay back its alleged “war debts,” fury across Cambodia has been widespread.

Campaigners demand Credit Suisse ‘comes clean’ as Mozambique defaults

The Mozambique government has said it will not make a $60 million interest payment due on 18 January

On 17 January, campaigners from the Jubilee Debt Campaign handed in a call from 900 people for Credit Suisse to “come clean” about its facilitation of secret loans to Mozambique. The campaign group is supporting calls by Mozambique civil society organisations for the Mozambique people not to have to repay the loans, and for the Mozambique government officials and lenders responsible to be held to account instead.