From the present financial year, the government will no longer be borrowing to pay for recurrent spending.
The 2017 budget update will show an improvement in the outlook for debt compared with projections in May.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.
A change in South African law promises to protect defaulting home owners from abuse by unscrupulous operators who snap up people's homes for a song.
Running out of options. Finance Minister Malusi Gigaba speaks after delivering his medium term budget.
South Africa's 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
Meet Jakob Fugger, the man who underwrote the ambition of power-hungry medieval Princes.
In many cases there are better ways than debt agreements to wipe out your debt.
Flickr (creative commons)
Debt agreements have become the fastest form of personal insolvency in Australia. But in many cases, there are better options available to manage debt.
Paying the price.
Not-so-fun fact: more than half of 18- to 34-year-olds are in debt, owing over £8,000 each on average.
South Africa waits with bated breath for the 2017 medium term budget policy statement from new Finance Minister Malusi Gigaba, as it might reveal key signals of where economic policy is headed.
A Bitcoin (virtual currency) souvenir coin. But cryptocurrencies like this can be debt and equity as well.
Despite its name, cryptocurrency isn't just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
The UK and US may avoid another crash, but many other major economies look like they are on the brink.
Could the 'magic money tree' have been right under our nose this whole time?
Two men sit at the roadside in the hope of being offered work. South Africa’s unemployment is moving towards 30%.
The idea that South Africa must look towards the International Monetary Fund to rescue itself from the prevailing crisis must be dismissed.
Catching you out with the small print.
Research with call centre workers shows mis-selling is an entrenched and accepted feature of financial sales.
Declining home ownership among young people has implications for their long-term financial wellbeing and indeed for the retirement income system.
HILDA survey results show home ownership among young people is declining, as mortgage debt almost doubles for the same age group.
With slow wages growth it is hard for household to “delever” themselves.
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
World Bank President Jim Yong Kim is thinking about reinventing the organisation model.
Africa should be concerned about news that the World Bank is looking to migrate from the model that largely relies on funding member states to become a broker of private capital.
Has student debt changed because the purpose of education has changed?
John Collier/Library of Congress, Ermolaev Alexander/Shutterstock.com
About 44 million Americans are still paying off student loan debt. But it didn't always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
Unexpected increases in housing prices could have caused buyers considering home ownership to borrow more in order to buy a house, and encouraged homeowners to spend more through withdrawing the equity from their homes.
Research finds higher levels of housing debt among pre-retirees are linked to them working for longer.
Demonstrators march against corruption in South Africa.
Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
A warning from Athens about facing political headwinds with a government barely worth the name.