Currently its debt service status amounts to 115 million annually.

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

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

(e) Debt service coverage

Level annual debt service

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

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.

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

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

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

And, as debt burdens become heavier, public spending must be cut further and taxes increased to service the government s debt and that of its wards, like the banks.

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.

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

Higher deficits, moreover, would cause the ratio of debt to GDP to rise from its already high level, which implies greater debt service costs and, therefore, even larger deficits.

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

Kenya continues to struggle with its huge debt burden, with about 30 per cent of all our revenues from the export of goods and services going to service the external debt.

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

Any holder of Greek debt, especially long term debt, must calculate the likelihood that Greece s political system will prove strong enough to push through the reforms needed to enable the country to service its debt fully (and on time).

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

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.

When a local government is no longer able to service its debt, the central government will have to place its own fiscal capacity at risk by assuming the responsibility.

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

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

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

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

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

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.

In the end, Greece, the eurozone s other members, and Greece s creditors will have to accept that the country is insolvent and cannot service its existing debt.

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

Typically, the IMF assesses whether a country, after undertaking reasonable belt tightening measures, can service its debt and lends only when it is satisfied that it can.

Haiti's ability to remain current in its debt service obligations depends on overall macroeconomic performance and sustained economic recovery as well as continued and timely donor disbursements.

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.

If no support comes from abroad, Greece will have to announce a formal debt moratorium, thereby declaring that it will only service part of its debt, as was done by Mexico and Brazil in 1982 and Germany in 1923 and 1948.

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.

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

The higher rates made it more costly for Greece to refinance its debt, creating a fiscal crisis that has forced the government to impose severe austerity measures, leading to public unrest and an economic collapse that has fueled even greater investor skepticism about Greece s ability to service its debt.