(e) Debt service coverage

Level annual debt service

Lower interest rates on loans are available in capital markets to borrowers who have ample debt service coverage , which is defined as total revenues available for debt service as a percentage of the required debt service. The availability of ample

Debt service coverage and bond interest

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

Debt reduction, either through stock of debt reduction or debt service reduction based on a concessional rescheduling, will continue to be considered only in exceptional cases.

The portion of the assessment due for plan debt service, or assessed plan debt service , would be 10 per cent of 52 million, or 5.2 million.

Construction fund earnings would be applied to the annual debt service requirement, thereby reducing the net annual debt service to be met by the set aside procedure.

Haiti Stock of arrears and projected debt service, 2000 2005

Currently its debt service status amounts to 115 million annually.

In some countries Argentina, Ecuador and the Russian Federation the debt crisis led to a suspension of payments or defaults on debt service.

For instance, the SADC countries have a total debt stock of 78.1 billion, with an annual total debt service amounting to 6.8 billion.

The situation is further exacerbated by the country's debt service problems.

In Lebanon, persisting high levels of public debt forced the Government to direct much of its expenditure towards debt service.

The combination of all these factors contributed to an acceleration of government debt accumulation and made debt service difficult or impossible.

Goldman Sachs has calculated that France must become 20 cheaper to service its debt on a sustainable basis.

This will make it possible for the Greek government to service its debt.

Government debt service has in general become easier, owing to low interest rates.

Against the backdrop of better growth and export prospects in developing countries in general, the recent trends revealed a smaller accumulation of debt and lower debt service burden.

The basket was designed in such a way as to result in an average debt service cost of 4 .

Ample debt service coverage for a United Nations bond could be created by permitting the trustee to set aside a higher than required percentage of assessment payments tendered by Member States to permit the accelerated collection by the bond trustee of the total annual debt service requirement.

The eurozone crisis could certainly be resolved if all existing public debt were transformed into 20 year Eurobonds with a yield of 3 , and a five year grace period on debt service.

The cost of debt service adjusts automatically, without the severe disruption that results from loss of confidence, crisis, debt restructuring, and so forth.

Of the 42 countries qualified as potentially eligible for debt relief in September 2004, 27 had received debt service relief of 32 billion.

Shopped out, savings less, and debt burdened consumers have been hit by a wealth shock (falling home prices and stock markets), rising debt service ratios, and falling incomes and employment.

A government s capacity and willingness to service its debt depend on an almost infinite number of present and future contingencies.

However, while the HIPC initiative has removed the debt overhang for many countries, the burden of debt service payments remains high (see table 1).

But informal output is of little use for debt service if it cannot be taxed.

And if the homeowner goes bankrupt, the home can be sold to service the debt.

Indeed, these debt service costs alone account for 22 of the Egyptian government s total expenditures.

Foreigners cannot vote for the higher taxes or lower expenditure needed to service the debt.

The French government expects budget revenues to match all spending except debt service by 2014.

The conclusion is clear Greece s debt service burden is too large, and it must be reduced.

US states entered their new union with different debt loads and different capacities to service them.

The conclusion is clear Greece s debt service burden is too large, and it must be reduced.

What would help is if their nominal disposable income rose relative to their (fixed) debt service.

If the IMF terminates its current program, Pakistan will be unable to service its foreign debt.

For the country s first few years, debt service swallowed more than 80 of all federal revenues.

There have been reductions in the ratios of debt to gross national income and debt service to export earnings since 2000, due to strenuous efforts at repayment by developing countries and some debt relief.

For the Italian state, interest rate convergence brought a medium term reduction in debt service payments of up to 6 of GDP.

Higher debt service costs require higher tax rates, which in turn weaken incentives and reduce economic growth.

In August 1982, Mexico shocked the world by declaring that it was unable to service its debt.

Annual spending on fixed expenses, such as debt service and pensions, is not subject to public participation.

The eurozone s immediate challenge is declining fiscal stability in a subset of countries whose credit ratings are falling and debt service costs rising.

Guatemala's debt service as a percentage of its exports of goods and services (indicator 42) is one of the lowest in the region.