Jordan Sale – Troy Delta Chi http://troydeltachi.org/ Thu, 30 Jun 2022 12:21:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://troydeltachi.org/wp-content/uploads/2021/07/icon-1-70x70.png Jordan Sale – Troy Delta Chi http://troydeltachi.org/ 32 32 This Debt-Free Small-Cap IT Stock Sets Record Date for 150% Dividend Payout https://troydeltachi.org/this-debt-free-small-cap-it-stock-sets-record-date-for-150-dividend-payout/ Thu, 30 Jun 2022 12:06:07 +0000 https://troydeltachi.org/this-debt-free-small-cap-it-stock-sets-record-date-for-150-dividend-payout/ Birlasoft Ltd sets record date for dividend payment Birlasoft Ltd sets record date for dividend payment: the company had declared a final dividend of 150% and now it has set its record date which is July 15, 2022. The ex-dividend date is July 14, 2022. The directors of the company in their BSE filing dated […]]]>

Birlasoft Ltd sets record date for dividend payment

Birlasoft Ltd sets record date for dividend payment: the company had declared a final dividend of 150% and now it has set its record date which is July 15, 2022. The ex-dividend date is July 14, 2022. The directors of the company in their BSE filing dated June 28, 2022 stated: “The record date for determining which members will be eligible to receive the final dividend, if approved at the next AGM, will be Friday July 15, 2022. The said dividend, if approved, will be payable as per the statutory deadlines. The company had declared a 150% stock dividend amounting to Rs 3 per share on May 23, 2022.

Birlasoft Ltd Dividend History

Birlasoft Ltd Dividend History

The company has a good dividend track record and has consistently declared dividends over the past 5 years. The company has declared a 225% dividend amounting to Rs 4.5 per share for the year ending March 2022. The dividend yield is Rs 1.27 at the current share price of Rs 353 apiece .

Birlasoft stock outlook

Birlasoft stock outlook

The current share price is Rs 353 apiece with a decline of 4.77%. The 52 week high is Rs 585 each and the 52 week low is Rs 316 each. The stock’s PE is 21.33, which is lower than the sector’s PE of 28.48. The EPS TTM is 16.56. The market capitalization is Rs 9,891 crore. The company has strong finances. The company has almost no more debts.

multibagger returns: Over the past 5 years, the stock has returned 177.6%.

Introducing Biralsoft

Introducing Biralsoft

Birlasoft has a structured approach to global delivery and deploys a multitude of innovative solutions and service architectures. In a rapidly changing market, the company closely monitors customer needs and reacts quickly to deliver ever greater value. It is committed to the success of its clients and their specific needs in terms of language, cost, legal compliance and risk. The company is listed in the Top 100 Global IT Companies recognized by the International Association of Outsourcing Professionals (IAOP). Birlasoft is already tackling the next wave of globalization to provide accelerated technology solutions driven by value and innovation.

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Punjab in deep economic crisis, debt trap, says white paper https://troydeltachi.org/punjab-in-deep-economic-crisis-debt-trap-says-white-paper/ Sun, 26 Jun 2022 07:17:54 +0000 https://troydeltachi.org/punjab-in-deep-economic-crisis-debt-trap-says-white-paper/ Punjab is in an economic slump and a debt trap, said the State Finance White Paper presented to the State Assembly on Saturday. The document presented by Finance Minister Harpal Singh Cheema blamed previous governments for the fiscal mess. According to the document tabled ahead of the presentation of the state budget in the House, […]]]>

Punjab is in an economic slump and a debt trap, said the State Finance White Paper presented to the State Assembly on Saturday. The document presented by Finance Minister Harpal Singh Cheema blamed previous governments for the fiscal mess.

According to the document tabled ahead of the presentation of the state budget in the House, ”Today, Punjab is in an economic slump and a debt trap.” ”Previous governments, instead of enforcing the necessary correctives, continued to slide the debauchery, as evidenced by the uncontrolled increase in spending of unproductive revenues, undeserved gifts and subsidies, the virtual collapse of capital and social sector investments vital for future growth and failure to realize its tax and non-tax revenue potential,’ he said.

The white paper states that the current effective debt stock of Punjab stands at Rs 2.63 lakh crore, or 45.88% of SGDP. “Current government debt indicators are probably the worst in the country, driving it deeper into the debt trap,” he said.

The previous government claimed to bring fiscal prudence to the management of state finances while quietly choosing not to discharge outstanding state government debts, he said. Regrettably, they also followed their predecessors and while resigning from office handed over a staggering immediate and medium term liability of Rs 24,351.29 crore which the new government has to discharge over the next few years, the document states. . Over the past five years, government debt has increased by 44.23%, which translates to a compound growth rate of 7.60% per year.

The state is in a classic debt trap – a significant portion of the annual gross debt/borrowing taken out by the government is earmarked for repaying old debt and paying interest and not for future development and prosperity of the State, in accordance with the document. He pointed out that the stock of government debt increased from Rs 1,009 crore in 1980-81 to Rs 83,099 crore in 2011-12 and then to Rs 2.63,265 crore in 2021-22.

According to the White Paper, the 6th Punjab Salaries Commission, which was otherwise due from January 2016, was set up in July 2021, with considerable delay and haste with only six months before the elections in the Punjab. ‘State Assembly. ”The previous government was unable to pay the revised salary arrears with effect from 1 January 2016 to 30 June 2021 due to the implementation of the 6th Punjab Salaries Commission. The pending liability on this account alone is expected to be around Rs 13,759 crore,’ he said.

The amount of electricity subsidy arrears and interest thereon which has been stated by Punjab State Power Corporation Limited (PSPCL) to be payable to it for agriculture, domestic and industry is Rs 7,117, 86 crore. State tax revenue as a percentage of total revenue fell from 72% to 48% in 2021-2022, indicating a noticeable decline in the state’s ability to raise resources internally and greater reliance on state finances to Union government transfers. Previous governments, unable to keep pace with the changing framework of indirect taxation, were unable to shore up the state’s own tax revenues and became overly dependent on GST offsets and tax deficit relief. revenue by the 15th Finance Committee. The GST compensation scheme ends in June and based on trends from previous years, the state government would see a large hole left in its finances to the tune of Rs 14,000 crore to Rs 15,000 crore in 2022- 23 himself. To revive Punjab to its former glory days, a serious overhaul of expenditure commitments coupled with direct revenue enhancement measures must be made.

To shore up state finances, economic recovery and growth, and reduce reliance on debt, structural and policy initiatives are needed with unprecedented levels of ground-level enforcement, the document suggests. among the corrective measures.

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Debt: Anil Jain on Jain Irrigation foreign business merger, debt reduction and future plans https://troydeltachi.org/debt-anil-jain-on-jain-irrigation-foreign-business-merger-debt-reduction-and-future-plans/ Wed, 22 Jun 2022 07:00:00 +0000 https://troydeltachi.org/debt-anil-jain-on-jain-irrigation-foreign-business-merger-debt-reduction-and-future-plans/ ” Through the merger with Rivulis, our international irrigation business will be able to gain a significant value creation opportunity and we will be able to repay all foreign debt. The parent company would be able to reduce its debt by nearly Rs 2,700 crore,” says Anil Jain, Country Leader, Your international business will merge […]]]>

Through the merger with Rivulis, our international irrigation business will be able to gain a significant value creation opportunity and we will be able to repay all foreign debt. The parent company would be able to reduce its debt by nearly Rs 2,700 crore,” says Anil Jain, Country Leader,

Your international business will merge with Rivulis backed by Temasek. Tell us about the key details of this merger and what are the synergies for the Indian parent company?
This merger is one of the unique and significant events in the international irrigation market. Rivulis, which is owned by Temasek, is a roughly $400 million entity operating worldwide. Our own international irrigation company, headquartered partly in Israel and partly in the United States, also has a turnover of $360 million, operating in more than 100 countries worldwide.

Now these two companies are coming together and merging and through this merger our international irrigation business will be able to get a significant value creation opportunity where we can repay all of our overseas debt which is in the operating companies as well as the bonds we have and through this, the parent company, Jain Irrigation, would be able to reduce its debt by almost Rs 2,700 crore. This is therefore a significant advantage for the parent.

But apart from that, we as Jain Irrigation India through our overseas subsidiary will continue to own 22% of this merged company. So our own business was $350 million and now with the extra $400 million it’s a $750 million business and it’s much bigger and more than double our current size.

The company is therefore more than doubling in size and this would allow us to continue to create value in the future thanks to these equity funds because the company will continue to grow. That’s the mechanics of the transactions and the numbers. Also, what is essential is that these two companies together are one of the major players in the world and provide climate-related solutions, because we basically provide cultivation solutions to farmers and will help them save water and improve productivity. Whether the farm is one acre or 100,000 acres, it doesn’t matter. We have technologies and a horizontal product base that can cover all types of farmers. These are the main advantages of this transaction.
Your consolidated debt is expected to drop by 46% to Rs 3,300 crore. How will the entity service the remaining debt and what free cash flow do you expect to generate? Is there also an internal target for net debt?
For the remaining part of the overseas business, we will continue to export to the combined company, which would continue to add value to Jain Irrigation’s independent balance sheet in India. It is always profitable. Apart from this, the remaining debt is close to Rs 3,300 crore and is believed to be on India’s independent balance sheet which comprises two tiers. One is our core business in India, consisting of drip irrigation, piping and tissue culture, as well as our global food business which is in India and outside India.

If we leave aside the food sector because it has its own dynamics and thanks to the process of monetization of value, this debt will decrease over the next two years. We see a huge growth opportunity for Jain Autonomous Irrigation in India. Through growth and internal accruals, the rest of the debt will be covered by Indian cash flow.

As could have been seen from the March 22 results, for the full year, we had nearly Rs 700 crore of overall cash flow generation after changes in working capital from operations. This was already a great advantage and thanks to the change in our business model and direct sale to farmers, which allowed us to complete all government projects, because it always generates deferred receivables on which we do not want us focus.

We are focusing on selling directly to farmers through our reseller base, increasing our reseller base in the northern and eastern regions of India, as we are already quite strong in the western and southern regions. southern India. In this way, we believe that in a very comfortable and sustainable way, the Indian autonomous entity will be able to service the rest of the debt.

So is this a 2.0 turning point for Jain Irrigation? How do you see the company in the next two to five years?
That’s a good question. On March 25, 2022, when we signed the restructuring resolution plan with all Indian and foreign lenders, we had a great moment where all saw a bright future with this company. On that day, we paid a total of Rs 700 crore in terms of repayment of part of the long-term debt, repayment of interest, etc.

The company account is now standard and current in a sense, but due to the RBI rule, it will only become standard 12 months from the date of implementation. So it’s going pretty well now. This was the first phase to restructure with Indian lenders and put the Indian business on the path to growth. March 22 results were already profitable.

Second, in the June quarter, we reorganized the overseas operations and merged with a much larger company and have a good amount of cash to pay off a large debt.

As for the next two to five years, I would say three things; one, India’s debt would continually decline; long-term debt through our internal accruals and further monetization of value, would decrease significantly. We might retain some debt which is necessary for the working capital of stocks and receivables, but even India’s debt will be significantly lower over the next two to three years, that is our target before 2025.

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Global Consumer and Corporate Debt Consolidation Market 2022 Company Overview, Recent Developments and SWOT Analysis 2028 – Instant Interview https://troydeltachi.org/global-consumer-and-corporate-debt-consolidation-market-2022-company-overview-recent-developments-and-swot-analysis-2028-instant-interview/ Mon, 20 Jun 2022 09:09:06 +0000 https://troydeltachi.org/global-consumer-and-corporate-debt-consolidation-market-2022-company-overview-recent-developments-and-swot-analysis-2028-instant-interview/ Global consumer and corporate debt consolidation market from 2022 to 2028 research prepared by MarketQuest.biz is the most expert and reliable knowledge and trust building, containing Market Size, Trends, SWOT, PEST, Porter’s Analysis, Forecast, 2022-2028. Based on industry-wide research, the document explains the dynamics of the parent industry. The research takes a multidisciplinary approach to […]]]>

Global consumer and corporate debt consolidation market from 2022 to 2028 research prepared by MarketQuest.biz is the most expert and reliable knowledge and trust building, containing Market Size, Trends, SWOT, PEST, Porter’s Analysis, Forecast, 2022-2028. Based on industry-wide research, the document explains the dynamics of the parent industry. The research takes a multidisciplinary approach to highlight prospective market pathways and unmet prospects. Our specialists conducted a thorough examination of the competitive environment and anticipated the strategic framework used by market players.

The overview includes data and figures on market dynamics. It also discusses the global consumer and corporate debt consolidation market including its volume and size. The study is provided solely to give an orderly examination of the complex and vast facts of the market. Additionally, the growth and restraint segment has shed light on potential opportunities and restraints in the market.

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The report also includes the segment namely:

  • Credit card debt
  • Student loan debt
  • medical bill
  • Apartment leases
  • Others

The information also includes the element namely:

The main players in the personal and corporate debt consolidation market are:

  • Goldman Sachs
  • OneMain Financial
  • Discover personal loans
  • loan club
  • Pay
  • Debt Relief Freedom
  • National debt relief
  • Rescue One Financial
  • ClearOne Advantage
  • New era debt solutions
  • Pacific Debt
  • Approved Debt Relief
  • CuraDebt Systems
  • Guardian Debt Relief
  • Debt negotiation services
  • First Debt Help
  • Oak View Legal Group

The study examines the industry’s most important geographic locations, such as:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

ACCESS FULL REPORT: https://www.marketquest.biz/report/111268/global-consumer-and-corporate-debt-consolidation-market-2022-by-company-regions-type-and-application-forecast-to – 2028

The main findings of the report:

  • A detailed examination of the regional landscape of the Consumer and Business Debt Consolidation Market
  • Identifying the Competitive Landscape of the Consumer and Business Debt Consolidation Market
  • Other study findings will impact the consumer and business debt consolidation market pay scale.
  • The study also provides statistics on market share gained by product type sector, profit valuation and production growth.

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Consumer and Business Debt Consolidation Market Size 2022-2029 https://troydeltachi.org/consumer-and-business-debt-consolidation-market-size-2022-2029/ Sat, 18 Jun 2022 03:21:51 +0000 https://troydeltachi.org/consumer-and-business-debt-consolidation-market-size-2022-2029/ New Jersey, United States,-The research report on the Global Consumer and Business Debt Consolidation Market provides a comprehensive industry growth perspective, an overview of market size and value, and a survey of existing business trends. . Consumer and business debt consolidation studies also provide insight into various market demand factors. The consumer and business debt […]]]>

New Jersey, United States,-The research report on the Global Consumer and Business Debt Consolidation Market provides a comprehensive industry growth perspective, an overview of market size and value, and a survey of existing business trends. . Consumer and business debt consolidation studies also provide insight into various market demand factors. The consumer and business debt consolidation research report details many of the variables that have led to the rise of the global consumer and business debt consolidation markets. The consumer and corporate debt consolidation market analysis includes an in-depth assessment of global technological developments and trends. Industry research on consumer and business debt consolidation based on volume, performance and valuation calculates an accurate market share. Global Emotion Detection and Recognition Market size prediction and calculation is done using bottom-up and top-down technologies.

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The term Consumer and Corporate Debt Consolidation based market research provides helpful insights such as the study of the effects on significant aspects, alternatives, and restraints. Graphical analysis of the Emotion Detection and Recognition demand forecasts for the predicted periods can demonstrate the financial requirements of the global Emotion Detection and Recognition industry. Likewise, the study highlights features which limit demand growth, adequately predict Consumer and Business Debt Consolidation Market quantities, and have long term effects over the predicted period.

The impact of the Corona 19 outbreak on the global Emotion Sensing and Awareness industry, growth rates, correct supply chain analysis, scale in various scenarios, and responses Corporate critiques of the outbreak are all examined in research on emotion sensing and sensitization. The research focuses on emotion detection and recognition in global markets, particularly in North America, Europe and the Asia-Pacific region, as well as South America, the Middle East and Africa. The study divides the market into four parts: manufacturer, region, type and application.

Key Players Covered in Consumer and Commercial Debt Consolidation Markets:

  • Discover personal loans (USA)
  • Lending Club (USA)
  • Payment (US)
  • SoFi (US)
  • FreedomPlus (US)

Consumer and Business Debt Consolidation Market Split By Type:

  • Credit card debt
  • Overdrafts or borrowings

Consumer and Business Debt Consolidation Market Split By Application:

The Consumer and Corporate Debt Consolidation Market report has been segregated into distinct categories such as product type, application, end-user, and region. Each segment is valued based on CAGR, share, and growth potential. In the regional analysis, the report highlights the prospective region, which is expected to generate opportunities in the Global Consumer and Corporate Debt Consolidation Market in the coming years. This segmental analysis will surely prove to be a helpful tool for readers, stakeholders, and market players to get a complete picture of the global Consumer and Corporate Debt Consolidation market and its growth potential in the years to come.

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Scope of Consumer and Corporate Debt Consolidation Market Report

Report attribute Details
Market size available for years 2022 – 2029
Reference year considered 2022
Historical data 2019 – 2021
Forecast period 2022 – 2029
Quantitative units Revenue in USD Million and CAGR from 2023 to 2029
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

Regional Consumer and Business Debt Consolidation Market Analysis can be represented as follows:

Each regional Consumer and Business Debt Consolidation industry is carefully researched to understand its current and future growth scenarios. This helps players strengthen their position. Use market research to get a better perspective and understanding of the market and target audience and ensure you stay ahead of the competition.

Based on geography, the global consumer and corporate debt consolidation market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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Warner on Senate Passing the Joint Consolidation Loans Separation Act of 2021 – Press releases https://troydeltachi.org/warner-on-senate-passing-the-joint-consolidation-loans-separation-act-of-2021-press-releases/ Thu, 16 Jun 2022 01:49:54 +0000 https://troydeltachi.org/warner-on-senate-passing-the-joint-consolidation-loans-separation-act-of-2021-press-releases/ WASHINGTON — U.S. Senator Mark R. Warner (D-VA) today applauded the Senate’s passage of the Joint Consolidation Loans Separation Act 2021, legislation to provide much-needed relief to people who have already consolidated student loan debt with a spouse. Although Congress eliminated the program on July 1, 2006, it did not provide a way to break […]]]>

WASHINGTON — U.S. Senator Mark R. Warner (D-VA) today applauded the Senate’s passage of the Joint Consolidation Loans Separation Act 2021, legislation to provide much-needed relief to people who have already consolidated student loan debt with a spouse. Although Congress eliminated the program on July 1, 2006, it did not provide a way to break existing loans, even in cases of domestic violence, economic abuse, or an unresponsive partner. As a result, there are borrowers across the country who remain accountable to their abusive or taciturn spouse for their consolidated debts. This law offers relief to these people by allowing borrowers to split this debt.

“The Senate’s passage of this common sense law is a great step forward for victims of domestic violence and financial abuse who have spent decades fighting for their financial freedom. By finally allowing individuals to break their joint consolidation loans, this bill will provide much-needed respite to vulnerable people who are unfairly held responsible for a former partner’s debt. I urge my colleagues in the House to act urgently and send this bill to the Speaker’s office as soon as possible.

The Joint Consolidation Loans Separation Act would allow borrowers to submit a request to the Department of Education to split the joint consolidation loan into two separate federal direct loans. The joint consolidation loan balance – the outstanding loan and accrued unpaid interest – would be divided proportionately based on the percentages each borrower had originally contributed to the loan. The two new federal direct loans would have the same interest rates as the joint consolidation loan. In addition, the bill would allow borrowers to access student loan relief programs, such as the Public Service Loan Forgiveness Program (PSLF) and income-tested repayment programs to which they are entitled. were previously ineligible due to their joint consolidation loans.

Senator Warner is the author of the original version of the Joint Consolidation Loans Separation Act in 2017 after one of his constituents, Sara from McLean, Va., contacted him about her struggles with a joint consolidation loan. Sara was raising two children on the salary of a public school teacher in Northern Virginia and trying to keep up with her student loan payments. Unfortunately, her ex-husband, from whom she had divorced and from whom she had moved thousands of miles to start from scratch, refused to pay his part of their joint loan. Because joint consolidation loans create joint and several liability for borrowers, Sara risked having her public school teacher’s salary garnished if she failed to pay her two and part of their debt from her ex-husband. Senator Warner didn’t think that was fair and sought to create a solution, so voters like Sara could control their own financial future. You can hear Senator Warner tell Sara’s story here.

The Joint Consolidation Loans Separation Act has been endorsed by a number of organizations, including the National Network to End Domestic Violence, the National Consumer Law Center, the North Carolina Coalition against Domestic Violence, and the Virginia Sexual and Domestic Violence Action Alliance.

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rising interest rates increase the cost of public debt https://troydeltachi.org/rising-interest-rates-increase-the-cost-of-public-debt/ Tue, 14 Jun 2022 06:12:00 +0000 https://troydeltachi.org/rising-interest-rates-increase-the-cost-of-public-debt/ But in the medium term, the government will be forced to refinance more than $1 trillion of debt at higher than expected rates. Treasurer Jim Chalmers warned that debt interest costs would be higher than the coalition government had forecast in the budget. Treasury Secretary Steven Kennedy said last week, “Since the budget, there has […]]]>

But in the medium term, the government will be forced to refinance more than $1 trillion of debt at higher than expected rates.

Treasurer Jim Chalmers warned that debt interest costs would be higher than the coalition government had forecast in the budget.

Treasury Secretary Steven Kennedy said last week, “Since the budget, there has been a significant increase in the interest rate on the public debt.”

“The impact will build over time, as a rise in yields only affects new issuance, particularly as debt issued matures and needs to be refinanced.

“This would be particularly the case if the dynamics of growth and interest rates become less favorable over time.”

He suggested controlling spending, scrapping tax breaks and boosting productivity to fix the budget faster.

The previous fiscal strategy of only relying on the economy to grow faster than bond yields to reduce the debt-to-GDP ratio was no longer the “prudent” path, he said.

Macroeconomics adviser and former Treasury economist Stephen Anthony said history has shown that over the past 50 years it was “not necessarily true that nominal growth rates outpace interest rates over time”.

Interest rates were above nominal economic growth in the 1980s, 1990s and 2000s, according to his analysis.

Mr Anthony has warned that the combined net debt of the Commonwealth and the States could almost double to 55% of GDP by the start of the 2040s.

“This accumulation of debt leaves little room to fund major structural spending fixes.

“Nor does it provide a buffer against other national emergencies and global risks.”

Global stocks fall

Stocks around the world fell sharply as global borrowing costs surged in response to soaring inflation.

Goldman Sachs has advised the Fed to raise interest rates by 0.75 percentage points this week and another 0.75 percentage points in July, after US inflation hit 8.6% in the week last.

National Australia Bank’s senior interest rate strategist Ken Crompton said bond yields are likely to peak this year, but could fall if the US economy suffers a hard landing.

The bond market is pricing in a recession in the United States after the yield curve inverts, meaning the projected interest rate is falling, not rising, over time due to forecasts of a shrinking economy .

The Treasury PEFO in April revealed that public debt could end up exceeding forecasts by more than $12 billion by 2025-26, if government borrowing costs remain around 3%, instead of the 2 .3% assumed.

The yield on 10-year bonds rose further on Tuesday to briefly exceed 4%.

If sustained, the gross debt bill could rise by more than $20 billion over the next four years, or about 1% of GDP.

Government interest expenditure would increase by more than $2 billion per year.

While this is relatively modest in a budget expected to rack up $1.2 trillion in debt, higher interest payments would increase over time as government bonds expire and are refinanced at higher bond yields. students.

The AOFM will refinance about $70 billion to $80 billion in maturing Treasury bonds each year over the next few years, about half of which is held by the Reserve Bank of Australia and will need to be absorbed by private investors.

The AOFM will also have to borrow for future government budget deficits projected at about $80 billion a year.

The Independent Parliamentary Budget Office said last September that the Commonwealth’s fiscal position could remain sustainable over the long term, even as the government continued to run modest deficits.

“Future governments will need to act to ensure sustainability, but if they act consistently and early, they need not consolidate faster than after previous downturns,” the PBO said.

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What is a good debt ratio and why is it important? | Mortgages and advice https://troydeltachi.org/what-is-a-good-debt-ratio-and-why-is-it-important-mortgages-and-advice/ Fri, 10 Jun 2022 13:03:33 +0000 https://troydeltachi.org/what-is-a-good-debt-ratio-and-why-is-it-important-mortgages-and-advice/ A good debt-to-equity ratio is essential for loan approval, whether you’re looking for a mortgage, car loan or line of credit. This ratio shows lenders how much debt you have relative to the income you earn. “The DTI ratio is the relationship between your scheduled monthly payments and your gross monthly income, expressed as a […]]]>

A good debt-to-equity ratio is essential for loan approval, whether you’re looking for a mortgage, car loan or line of credit. This ratio shows lenders how much debt you have relative to the income you earn.

“The DTI ratio is the relationship between your scheduled monthly payments and your gross monthly income, expressed as a percentage,” says credit expert John Ulzheimer, formerly of FICO and Equifax.

The bottom line: Your DTI ratio helps a lender determine if you can afford a new loan payment.

Read on to learn more about how to calculate DTI, why you need a good DTI, and whether yours makes a difference.

What is a debt to income ratio?

Your DTI ratio is a snapshot of monthly debt to income.

Your debts include mortgages, car loans, and credit cards, but not expenses such as rent, utilities, daycare, and car insurance.

What counts as income in your DTI ratio? The DTI calculation uses your gross monthly income, or the amount you earn each month before taxes and other deductions. Sources of income can include wages, salaries, tips and bonuses, pensions and social security payments.

Child support and alimony are considered debts if you make these payments and income if you receive them.

Why is your debt ratio important?

Your DTI is important because it tells lenders if you’re managing your debt responsibly, and a low DTI ratio can put you in a good position to take on new debt.

Mortgage lenders use DTI to calculate how much home you can buy and whether to approve your loan, says Dave Krichmar, a Houston mortgage banker.

A lender may have concerns about your ability to repay a new loan if you’re struggling with higher debt payments than you can comfortably afford. When your DTI ratio is too high, lenders are not likely to approve you for credit because they know you are overburdened and less likely to pay reliably.

How to Calculate the Debt-to-Income Ratio

You can calculate your DTI ratio in four steps:

1. Add up your monthly debt payments.
2. Calculate your gross monthly income. If your income varies, estimate the income for a typical month.
3. Divide your total monthly debt payments by your gross monthly income.
4. Multiply your answer by 100 to get your DTI ratio as a percentage.

Let’s say your gross monthly income is $7,000 and your debt is $3,000: $2,000 mortgage payments, $500 car loan, $300 student loan, and $200 credit card credit. Monthly debts of $3,000 divided by gross monthly income of $7,000 equals 0.429. Multiply by 100 to get 42.9%, or a DTI ratio of 43%.

If you’re looking for a mortgage, use your potential new mortgage payment to calculate your DTI. If you are replacing your mortgage with another loan, do not add your old payment to the new one.

The Consumer Financial Protection Bureau has a DTI calculator that can help simplify your calculations. If you’re not confident in calculating your DTI, you can also seek help from an expert, such as a mortgage broker or loan officer, Krichmar says.

Getting confused or looking at the wrong numbers is easy to do, he says. For example, clients incorrectly used their take-home pay instead of gross income to calculate DTI, Krichmar says.

What is a good debt to income ratio?

When it comes to DTI, the lower the ratio the better, says Ulzheimer. “It means you can take on new debt more easily because you have the ability to make the payments,” he says.

A good DTI ratio is 43% or less, Krichmar says. How do lenders see your DTI ratio?

  • 35% or less: Your score is solid. You probably have money left over after paying your bills.
  • 36% to 49%: You have room to improve. You manage your debt well, but a financial emergency could spell trouble. A lower DTI could put you in a better position to borrow or deal with unforeseen circumstances.
  • 50% or more: You have work to do. If more than half of your income is spent paying off your debts, money is scarce. Your borrowing options may be limited because you cannot afford new debt.

How to lower your DTI ratio

To lower your DTI ratio, “you reduce your monthly obligations, increase your gross monthly income, or a combination of the two,” Ulzheimer says.

The easiest way to reduce your monthly debt burden is to pay off high balances and pay off other balances, says Janice Horan, vice president, Fair Isaac Advisors Global Credit Lifecycle Practice at FICO. “The other way is to make sure you’ve included all sources of income or to make sure you’ve included all recent increases in income,” says Horan.

Krichmar says you can lower your DTI ratio by paying more for your credit card debt or by refinancing loans to lower your monthly payments.

Other actions that can move your DTI ratio in the right direction:

  • Avoid taking on more debt. New debt can increase your DTI ratio unless you increase your income.
  • Choose a strategy to pay off your debts. The snowball or debt avalanche methods can be helpful, but they are not your only choices. You might consider a debt consolidation loan, balance transfer card, or debt management plan, depending on your financial situation. Whatever you do, always pay more than the minimum on your credit cards.
  • Look for ways to increase your income. Ask for a raise if you’re running late or considering taking a side job.

Does your DTI ratio affect your credit?

Your DTI ratio never affects your credit report or credit score.

“The DTI ratio is not included in the FICO score because verified income is not an available field in the credit bureau files that form the basis of the FICO score calculation,” says Horan.

In general, lenders view borrowers with higher DTI ratios as riskier than their peers with lower DTIs, Horan says.

Lenders may reject your loan application if your DTI ratio is too high, or you could end up with a low loan limit and a high interest rate.

If you have maxed out credit cards or high balances, it affects your DTI ratio and your credit score, Krichmar says. But “your credit score doesn’t know how much you earn,” he says.

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World Bank says Philippines debt remains manageable, recommends fiscal consolidation │ GMA News Online https://troydeltachi.org/world-bank-says-philippines-debt-remains-manageable-recommends-fiscal-consolidation-%e2%94%82-gma-news-online/ Wed, 08 Jun 2022 05:38:01 +0000 https://troydeltachi.org/world-bank-says-philippines-debt-remains-manageable-recommends-fiscal-consolidation-%e2%94%82-gma-news-online/ The Philippines’ debt level is still manageable despite breaking an internationally comfortable ratio, the World Bank said on Wednesday. In the first quarter of 2022, the country’s debt-to-gross domestic product (GDP) ratio – the size of government debt relative to the size of the economy – swelled to 63.5%, the most high in 17 years […]]]>

The Philippines’ debt level is still manageable despite breaking an internationally comfortable ratio, the World Bank said on Wednesday.

In the first quarter of 2022, the country’s debt-to-gross domestic product (GDP) ratio – the size of government debt relative to the size of the economy – swelled to 63.5%, the most high in 17 years and well beyond the 60% threshold recommended at the international level.

Meanwhile, at the end of April 2022, outstanding government debt reached a new high of 12.763 billion pesos.

Despite skyrocketing debt levels, World Bank senior economist Kevin Chua still believes the country’s liabilities are manageable.

“We think the debt is still manageable. Most of our debt is long-term, domestic and denominated in pesos and it should protect us from risk,” Chua said during a virtual press briefing for the lender’s June 2022 Philippines economic update.

Of the total public debt of 12.76 trillion pesos, 70% was borrowed locally and 30% came from external sources.

The outgoing Duterte administration is expected to take on 3.2 trillion pesos in additional debt as a result of the COVID-19 pandemic, which could raise the debt level to over 13 trillion pesos by the end of 2022. , above the initial plan of only around 9.9 trillion pesos.

Although he said the country’s debt levels are manageable, the World Bank’s Chua said “debt will be a drag on growth.”

“That’s the reason [why] we recommend fiscal consolidation,” he said.

Similarly, the Ministry of Finance (DOF) unveiled a fiscal consolidation plan to raise an average of 284 billion pesos per year for the next 10 years to pay off the historic additional debt of 3.2 trillion pesos incurred due to of the COVID-19 pandemic.

But the fiscal consolidation plan involves introducing new taxes, postponing personal income tax cuts and broadening the value added tax base.

New finance chief Benjamin Diokno said he agreed with the last two tax reform packages left behind by the Duterte administration, namely the property valuation tax packages and passive taxes on income and finance.

“Other than that, we should stop looking at tax reform first…we are happy with the current tax structure,” Diokno said.

The task of managing the country’s fiscal situation will be in the hands of newly elected President Ferdinand Marcos Jr. and his economic team which will be led by the outgoing Governor of Bangko Sentral ng Pilipinas, Diokno.

“Announcement of a fiscal consolidation plan will signal fiscal discipline and seriousness to deal with shrinking policy space,” Chua said.

Apart from fiscal consolidation, the World Bank economist said the high level of debt can be solved through higher economic growth.

“Any time we see an increase in our growth rate, that would definitely help reduce the debt ratio,” Chua said.

Diokno also said the country’s debt level is “easily manageable” as long as the economy can grow by 6% to 7%.

“But beyond rapid economic growth, we also need to pursue fiscal consolidation, that way we can bring the debt ratio back to pre-pandemic levels,” Chua said.

Before the COVID-19 pandemic, the country’s debt-to-GDP ratio was at an all-time high of 39.6% in 2019.—AOL, GMA News

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Ukraine, Regents exam, college debt, etc. https://troydeltachi.org/ukraine-regents-exam-college-debt-etc/ Mon, 06 Jun 2022 14:30:00 +0000 https://troydeltachi.org/ukraine-regents-exam-college-debt-etc/ Questioning the world after the war in Ukraine When the term “Ukrainian post-war period” is mentioned, what does it really mean? This can only mean that Russian President Vladimir Putin no longer holds any power or, in other words, is dead [“Russia asserts progress,” News, May 29]. Ideally, the will of the Russian population and/or […]]]>

Questioning the world after the war in Ukraine

When the term “Ukrainian post-war period” is mentioned, what does it really mean? This can only mean that Russian President Vladimir Putin no longer holds any power or, in other words, is dead [“Russia asserts progress,” News, May 29].

Ideally, the will of the Russian population and/or members of the Russian intelligence or autocracy communities will rise for Putin to indeed follow the same path as Italian Prime Minister Benito Mussolini.

In a “poetic world”, Russian opposition leader Alexei Navalny would become president of Russia and forge democratic ties with Ukrainian President Volodymyr Zelenskyy for a better world. Such poetry would lessen, if not end, the necessity of NATO based on its original founding purpose.

Some of the money to rebuild Ukraine already exists in the seized accounts and assets of Putin and his associates, and this would increase further with the end of Putin’s regime.

Do you believe this cannot happen to a person who will likely be prosecuted as a war criminal with genocide on their hands? So that’s misunderstanding how quickly “strong men” can be overthrown and prevented from causing more harm to humanity.

Steve SwalgenFarmingdale

Even Year Voting Is Exactly What We Need

Newsday editorial staff get electoral reform wrong [“Even-year vote plan premature,” Editorial, May 31]. Consolidation in even years would eliminate the “out of year” election, a definite advantage. It would also save county election commissions a lot of money. Turnout would surely increase from low rates in off-year elections. Since we are currently using paper ballots, the ballots may need to be larger, but the scanners can handle it.

Moreover, we already have too many votes: May, it’s school budgets; June (March in some villages) corresponds to mayors and local administrators as well as the primaries of the main parties; November is the general election; and December is for special districts. Sufficient?

Finally, if we really want to reform, end the election of judges who appear on our ballots and instead have them appointed with a nominating commission process, as is done for the Court of Appeals. This would significantly shorten the ballot and presumably lead to a better judicial system.

If the reform passes, it will not come into force immediately, leaving a lot of preparation time.

I vote “yes”.

David Zielenziger, big neck

Lowering Regents’ standards is a wrong answer

I disagree with the revision of the Regents exam rules to allow students to graduate with scores as low as 50 [“Regents exam relief,” News, June 1]. The state’s actions defy logic, claiming that the increase in COVID-19 cases has created a significant disruption in the educational process to justify this decision. At a time when U.S. students’ math and science rankings continue to decline relative to other countries, this move (albeit temporary) sends the wrong message. Obtaining a Regents degree was once met with respect and admiration.

Extended time for teaching and test preparation with delayed exam schedules would probably have been a wiser approach to solving this problem, but it requires the cooperation and agreement of educators, parents and students. Has this option been discussed before? Instead of acknowledging and confronting the fact that lower academic achievement likely has a long-term impact on America’s global competitiveness, the Board of Regents’ decision points us in the wrong direction.

John Santamaria, Farmingdale

Debt? Colleges should reimburse students

If President Joe Biden wants to cancel student debt, he should make these overfunded, wealthy colleges repay students for selling them degrees that many won’t be able to use to find jobs. [“Alternatives for student debt,” Letters, May 31]. Why should the taxpayer guarantee these students when colleges continue to make profits at our expense? Get to the root of the problem.

Frank Grunseich, Deer Park

Use Lotto Millions to Help Feed Students

As an educator in my 25th year, I am still trying to figure out how our system has benefited from the millions of dollars we are supposed to receive each year from our state lottery. [“Free school meals for all kids ends in June,” News, May 31]. With the free lunch plan set to expire at the end of this year, and it’s estimated it will take $200 million to continue in New York, is it too much to ask that we use that lottery money and use in our schools? Let’s not let our children suffer unnecessarily with unequal access to basic foods. Relying on an ineffective Congress will not solve more related problems.

Tom Sena Merrick

The new LIRR terminal is a long time coming

Making the dreaded commute to New York shorter and a world-class experience will help Long Islanders finish their Zoom calls and get back to their offices when the Long Island Rail Road opens its new terminal in December. [“It’s Grand Central Madison,” News, June 1].

Laura Schultz, Syosset

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