The public debt cap
is meant to ensure the UAE does not borrow excessively," Obaid Humaid Al Tayer, Minister of State for Financial Affairs, told the FNC.
A worldwide debt cap
has been introduced with effect from 2010, but this brings opportunities as well as restrictions.
We have adopted an approach of a salary cap, being used in conjunction with a debt cap
and draft picks in order to even the competition and to prevent one owner's spending harming the integrity of the competition," he explained.
Limited-tax general obligation (GO) bonds in Michigan do not require voter approval as long as they stay under their debt cap
, which is 10 percent of assessed property value.
Overdrafts related to securities transfers were monitored separately because they were afforded special treatment under the net debt cap
policy (as discussed below).
50 new money debt cap
to support future debt issuance.
He emphasised that raising the general debt cap
and approving the state's budget for 2015-2016 will be achieved through coordination between the executive and legislative branches.
Without a debt cap
increase, the US Treasury would run out of sufficient cash to pay the country's bills by October 17.
Avoiding a breach of the debt cap
, by pulling back government spending to ensure the Treasury Department can meet its interest payments, would still force the world's largest economy into a recession, according to economists at Goldman Sachs Group Inc.
Cities still operate under debt cap
limits and must go through exhausting processes prior to any borrowing to ensure their ability to repay.
The debt cap
must rise by an estimated $2 trillion to shield the nation from defaulting on its loans, and Republicans are seeking an equal level of spending cuts to balance out that figure.
or face worsening deficit and a destabilized financial system,
The Coalition government has retained the Labour government's restriction under the worldwide debt cap
, but although the Conservatives had previously suggested that reductions in corporation tax rates could be funded from further restricting the relief for interest costs, there was no mention of this.
Rubin seemed to be surprised at the size of Japanese government borrowings as the 30 trillion yen debt cap
is still considered large compared to the total size of next fiscal year's budget, which stands at 81.
The debt cap
leaves room for the government to issue 1.