Sentence examples for local debts from inspiring English sources
As the new rules take hold, hidden local debts will become more evident.
Even if local debts are understated, China has fiscal room for error.
But federal guarantees of local debts would not immediately increase federal budget shortfalls.
Even more problematic are its short-term local debts, which now total almost 50% of GDP, because of the recurrent budget deficits.
In the event of a devaluation, it could be easy for banks partly to "default" on their local debts by converting them to the new currency.
Barred from running a business as a bankrupt, he relied on a friend to handle accounts and paid back all his local debts within two years.
The government says local debt stands at 10.7 trillion renminbi, but Moody's Investors Service has estimated the total local debt at 14.2 trillion renminbi.
In an obvious sign of deepening concern about local debt problems, Beijing has suddenly announced a new nationwide audit of local debt, the third in two years.
"The delineation between what constitutes local debt and external debt isn't all that clear, and there are also different classes of local debt".
In Mexico a quarter of the long-dated local debt is held by foreigners.
However, its local debt's average duration is just 14 months, calling for frequent rollovers.
