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After years of budget surplus, the government has a negative net debt (debts minus assets) of 50% of GDP.
Similar(59)
We've had a very aggressive fiscal response because we started the cycle in surplus and negative net debt for the government, which none of these other governments have enjoyed".
Cassidy became chief executive in July 2003, taking over a company with a negative net worth and $3.5 billion in debt, some of it paying rates of 18%.
(Although they then might be asked to bail out the government, which, the statisticians determined, has a negative net worth of $222 billion, after the national debt and other obligations have been deducted).
Bottom line, we had $10 million in cash, more than $35 million in on- and off-balance-sheet debt, 75 employees with real estate for 1,000 people, a negative net worth and a history of burning through significant amounts of cash.
By July 2001, it reported a negative net worth of $60 million.
Even counting that, it has a negative net worth.
"There was a huge accumulated loss with a negative net worth.
They wrote them off and found a negative net asset value.
It appears that, at the time of his arrest, Vilar actually had a negative net worth.
He should have a negative net worth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com