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The company attributed this increase to the costs of servicing its debt — it raised $1 billion last year in convertible debt — and to the effects of foreign exchange rates.
It spends almost as much on servicing its debt as it does on the Police and Sanitation Departments combined.
The government currently spends twice as much on servicing its debt as it does on basic services, such as primary health care and education.
Even if it completely stopped servicing its debt, the Greek government wouldn't free up enough money to avoid savage budget cuts.
However, the loans or grants it receives from the Bank and the AfDB in 2006 will be "adjusted" (ie, cut) by $4.5m, the same amount it saves on servicing its debts to them.
In addition to trying to restrict how the Congolese government could use the money it would save on servicing its debt, Wolfowitz demanded further changes to the agreement.
It had cut back servicing its parks.
If the Greek economy could manage to grow at even a modest clip, it would have little trouble servicing its debt.
In 2003 Malawi spent almost one third of its government revenues on servicing its debt, more than double what it spent on health - despite the fact that life expectancy is only 38.
It also books revenue from servicing its pool of loans.
Well, Moody's argues it this way: "The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com