Assembly approves $10.6 billion debt-service bill amid sharp fiscal debate The Assembly passed Assembly 1002A, the debt service appropriations bill, which funds legal requirements for state debt service and authorizes short-term borrowing. Debate centered on debt levels, prepayments, and fiscal sustainability; the bill passed after recorded votes.

The New York Assembly just passed a staggering $10.6 billion debt service bill amidst fierce debate over the state's escalating debt crisis and fiscal sustainability.

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#NY #NewYorkDebt #CitizenPortal #DebtSustainability #PublicFinance #FiscalResponsibility

🌍🇿🇦 New Op-ed by Elizabeth Sidiropoulos, SAIIA

As #SouthAfrica prepares to host the #G20 Summit this weekend, it is using its presidency to prioritise global equity, #DebtSustainability & #development

📖:fpc.org.uk/op-ed-africas-moment-sou...

City Finance Board Discusses $26M Water Fund Debt Issuance and Rate Adjustments Board outlines necessary rate adjustments to address water utility capital needs and debt.

The Mercer Island Utility Board is sounding the alarm on a looming financial crisis, revealing that without an 8% rate hike, essential water projects could be at risk by 2026.

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#MercerIslandKingCounty #WA #CitizenPortal #FinancialTransparency #DebtSustainability

IMF chief hails new playbook to help countries navigate sovereign debt processes WASHINGTON (Reuters) - IMF chief Kristalina Georgieva on Thursday announced plans for a new playbook for countries considering debt restructuring, and redoubled her calls for heavily indebted countries to take proactive steps to restore sustainability. Georgieva said the Global Sovereign Debt Roundtable, which includes creditors, borrowers, the International Monetary Fund, the World Bank and Group of 20 (G20) major economies, would release the document soon. The body, which was set up in February 2023, is slated to hold a closed-door session next Wednesday during the spring meetings of the IMF and World Bank in Washington next week. "Countries with unsustainable public debt should move proactively to restore sustainability, including in some cases by taking the difficult decision to seek debt restructuring," Georgieva said in speech ahead of next week’s meetings in Washington. Georgieva said smaller countries could face serious spillover from global trade tensions, which she said would trigger lower growth and rising inflation, but should be working to put their own houses in order, including by addressing high debt burdens and preserving exchange rate flexibility. Debt issues will likely be overshadowed next week by widespread concerns over the trade war unleashed by U.S. President Donald Trump, who has imposed a plethora of tariffs on aluminum, steel and autos, along with a 10% universal tariff on all countries. The playbook will provide further guidance and direction for finance ministers and central banks, clarifying the processes already in place for debt restructuring, a source familiar with the document said. "It’s another tool to help policymakers navigate the complexities of the process," the source said. Further details were not immediately available. Eric LeCompte, executive director of Jubilee USA Network, a coalition of religious, development and advocacy groups, welcomed Georgieva’s renewed push for preemptive debt restructurings before countries got into deeper trouble. He said the tsunami of tariffs imposed by the U.S. that were met with countermeasures from other countries, along with prospects for rising inflation, continued high debt levels and downgraded growth prospects threatened to hit middle-income countries particularly hard and could worsen debt issues. He said debt experts were particularly worried about countries in Sub-Saharan Africa and parts of Asia, but even countries like South Africa, India and the Philippines faced challenges given their exposure to tariffs. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Moody’s warns US fiscal strength is eroding amid rising debt costs and policy risks The United States’ fiscal position is continuing to deteriorate, with Moody’s Ratings warning that rising interest payments and widening deficits are eroding the country’s debt affordability. In its latest report, Moody’s said the fiscal strength of the US has “deteriorated further” since the sovereign outlook was cut to negative in late 2023, and that even under optimistic economic scenarios, debt sustainability remains significantly weaker than other top-rated sovereigns. The rating agency highlights a sharp rise in interest payments—from 9% of federal revenue in 2021 to a projected 30% by 2035—as the most critical threat to fiscal flexibility. Despite the US dollar’s global reserve status and strong demand for Treasuries, Moody’s cautioned that these strengths may no longer be enough to offset the effects of structurally high deficits, unfunded tax cuts, and growing entitlement costs. It forecasts the federal deficit reaching 8.5% of GDP by 2035, with debt-to-GDP rising to 130%, far above the 43% median for other Aaa-rated sovereigns. Moody’s also flagged political and policy uncertainty as a mounting risk, particularly around former President Donald Trump’s proposed global tariff plan. The agency warned that new trade barriers could damage business confidence, constrain the Fed’s ability to lower rates, and worsen fiscal pressures. It noted that uncertainty over tax policy, including ambitious but unfunded tax cuts, adds to fiscal vulnerabilities. Moody’s signalled further that the country’s “extraordinary economic strength” is no longer sufficient to shield it from credit pressures. With Treasury yields expected to average 4.4% in 2025, Moody’s sees limited room for fiscal recovery—absent major policy adjustments or a sharp decline in borrowing costs. This article was written by Eamonn Sheridan at www.forexlive.com.

| ctrendfx.com | bit.ly/CTrendFX1 #Moodys #USDebt #FiscalPolicy #DebtSustainability #InterestRates

At @unctad.bsky.social 14th International Debt Management Conference, South Centre moderated the panel discussion on the Legal Tools for Consensus Building and Rulemaking in a Fragmented Debt Landscape, emphasising their use to promote #debtsustainability in global South countries.

2/ ⚠️ Challenges:
Debt distress: LMICs like face rising debt from high-interest loans. Fragmented creditors complicate restructuring.
Environmental risks: Fossil fuel projects persist despite coal financing pledges.
Transparency issues: Limited governance undermines trust. #DebtSustainability

Hi everyone. Check out if you are interested in public debt sustainability analysis and demographics challenges.

Finally, the curse has been lifted, and several years later I'm back in my first field of research.

#debtsustainability #riskmanagement
#optimization

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