1.
Twitter plans $1B stock market launch under TWTR symbol
SEOUL, Sept. 24 (UPI) -- The South Korean government expects to pay an all-time high interest of about $18.9 billion this year on its growing national debt, official data showed Tuesday.
The interest due has jumped because of increased borrowing to finance various stimulus measures to end the country's prolonged economic slowdown in the wake of the global financial crisis, the finance ministry said.
The Yonhap News Agency reported the $18.9 billion interest translates to about $377 for every person in the country.
The national debt last year totaled 443.1 trillion won, up sharply from 309 trillion won in 2008. This year it is expected to top 480 trillion won.
Yonhap quoted experts that the rising debt and interest payments could hamper the South Korean government's efforts to maintain fiscal health in the face of tough economic conditions both at home and abroad.
|
|
|
|
|
|
| Additional Business News Stories | |
WARSAW, Poland, Oct. 7 (UPI) --
Continuing a recent pattern, Russia has again raised questions about the quality of meat from Poland despite assurances it has not launched a trade war.
|
BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption
