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Exact(42)
In addition, the state has to pay interest on the borrowing to fund the bailout.
And if such surplus rules discourage governments from borrowing to fund productivity-enhancing public infrastructure investments, they are positively harmful.
Lord Adonis, the transport secretary, is adamant that TfL cannot increase its borrowing to fund the £460m gap.
While other countries used the continuing economic boom to trim their deficits, Labour kept borrowing to fund increased spending.
The Bank also noted that the scale of borrowing to fund commercial property investments had increased in London.
And just as Western governments are borrowing to fund bail-outs and stimulus packages, so many surplus countries are tapping their reserves of extra cash.
Similar(18)
The government will borrow to fund a stimulus programme based on labour-hungry development projects.
How does a city borrow to fund large-scale projects, such as housing?
However, tougher action could be taken to reduce how much people could borrow to fund homes.
In June this year Maiden Lane repaid in full (and with interest) the money it had borrowed to fund its purchases.
Leverage, or how much money a firm borrows to fund its business, is down significantly since the financial crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com