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America's national debt in dollars is generally viewed as less important than its proportion to the country’sgross domestic product (GDP)or the debt-to-GDP ratio because a country’stax basegrows alongside its economy. It increases revenue that the government can raise to service the debt. Th...
Government spending on relief measures during times of economic turmoil, such as the Great Recession and COVID-19, also causes an increase in the national debt. For example, former President Barack Obama’s American Recovery and Reinvestment Act (ARRA) was an $831 billion fiscal stimulus aimed ...
According to the plan, in the next step, the National Development and Reform Commission and the Ministry of Finance will work with relevant parties to actively do a good job in the implementation of the project of increasing the issuance of national debt, pay close attention to the ...
But for all Freeland’s talk that the government has a plan –“We have a compass. We know how to get to a safe harbour and what to do when we get there” – there was very little on Canada’s approach to the digital economy. Article content The cheery scenario she pa...
COVID-19 Stimulus Relief Bill On Saturday, August 8, 2020, after negotiations broke down between the White House and House and Senate Democratic negotiators, President Trump signed an executive order and a number of Memoranda. It is expected that the President’s orders are likely to be ch...
As to the former, on March 25 the UN launched a USD 2 billion global humanitarian response plan (GHRP) to fund the fight against COVID-19 in the world's poorest countries [10]. March 26 saw the G20 pledge USD 5 trillion of stimulus (both multilateral and country-level) into the ...
with $56-billion of that coming from this fiscal year's budget shortfall. This is the result of the financial crisis that has taken a bite out of government revenue and prompted Ottawa and the provinces to respond with a $61-billion stimulus package to try to mitigate the fallout. Not hel...
public health actions directed toward the containment of the COVID-19 pandemic (such as quarantines, shut downs and other restrictions on travel and commercial, social or other activities), the availability, effectiveness and acceptance of vaccines, and the implement...
This result is obviously an aggregate picture, but it is instructive to look at the stock market reactions to specific government responses, such as announcements of travel bans, stimulus packages, and lockdowns. With respect to travel bans, 12 of the 25 stock markets (France, Germany, UK, ...