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Based on the debt service schedules, Accounting monthly processes principal and interest payments through these two accounts.
Debt servicing already uses up some 35% of government revenues.
As a result, the city is projecting a budget deficit of nearly $3 billion in two years, while debt service is scheduled to consume 19percentt of the budget by the year 2002.
Debt service for the whole university, $100 million a year.
Debt service has overtaken education as the biggest spending item.
Debt service from operations should be consistently strong, leverage low.
Debt service - World Bank.
Debt service and some forms of corruption compete for the same resources as public provision of social services.
Investors will worry about governments' ability to service their debt and will push up yields, making debt servicing even harder.
In 1994, for example, scheduled debt service payments for sub-Saharan Africa were over US$20billion, while actual repayments amounted to $13billion.
Throughout the ordeal, California continued to pay its public debt service in cash and on schedule and never lost an investment-grade credit rating.
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CEO of Professional Science Editing for Scientists @ prosciediting.com