Govt to cover Garuda's debts

The protracted row about the long overdue debt owed by the national flag carrier Garuda Indonesia to Bank Mandiri took a step towards resolution Friday when government announced it will cover the major part of it.As the sole shareholder of the airli ... [more...]

Date: 2009-09-26 05:23:49

Blog posts (2) | Videos (2)
 

Government debt — who will pay?

“The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. [more...]

Date: 2009-09-24 04:57:10

2 Results