Stock prices move in response to new risks faced by investors.
Walid Kilonzi / iStock / Getty Images
The negative investor sentiment and massive capital flight could be reversed by improved governance and accountability.
Shutterstock
Ruto’s administration continues to borrow, just like the previous regime.
Family stock / Shutterstock
Used wisely, public debt could be a way to improve things for our children and grandchildren.
Yasuyoshi Chiba/AFP via Getty Images
Njuguna Ndung'u has the experience that suits Ruto’s bottom-up economics but lacks the political gravitas to appease voters.
Walid Kilonzi/Shutterstock
There’s a gap between Kenya’s public spending and its revenue. If the country owes more than it can repay, citizens will suffer.
‘Are you ready?’
Reuters/Alamy
Energy prices, unemployment, inflation – it’s all looking a bit 1978. And that’s without COVID.
Trying to be iron and quicksilver at the same time.
Mark Thomas/Alamy
With an ageing population, pandemic recovery and climate emergency in the in-tray, social care is not the only thing the chancellor has to finance.
www.shutterstock.com
Were he still alive, former prime minister Robert Muldoon might have warned the Labour government about the trouble a wage freeze can get you into.
Rost9/Shutterstock
While necessary during the crisis, government borrowing isn’t costless. Longer term, it might depress living standards.
Don’t fret.
3DDock
Creating lots of new money is supposed to produce runaway inflation. The longer that it doesn’t happen, the more this branch of economics appears to have a point.
‘The name’s Bond, Reinvented Bond.’
Tashatuvango
With government debt soaring following moves to combat the coronavirus pandemic, now is the ideal moment to change how states borrow money.
America’s credit card has no spending limit.
photo168/Shutterstock.com
The Trump administration is asking for US$850 billion in stimulus spending. Given the debt’s already at record levels, can the US afford it?
Aerial view of Port Louis, Mauritius.
Supplied by author
A significant change in political mentality is required to shore up one of Africa’s leading lights.
What the ‘credit’ in Universal Credit actually means.
Fure/Shutterstock
The concept of Universal Credit reveals something wider about the UK’s current political fixation on debt.
Ink Drop/Shutterstock
Could the ‘magic money tree’ have been right under our nose this whole time?
Will Padilla’s pleas to Washington go unanswered?
Alvin Baez/Reuters
The island, which missed a debt payment earlier this month, faces ‘disastrous’ consequences if a solution to its spiraling crisis isn’t found soon.
Was Barnaby Joyce right about Labor’s record on debt?
AAP Image/Mick Tsikas
Deputy Prime Minister Barnaby Joyce said that when the Coalition lost government in 2007, Australia was owed billions by the world – but that when the Coalition regained power in 2013, Australia was in debt. Is that right?
Much is expected of South African President Jacob Zuma when he delivers his 2016 State of the Nation Address.
Reuters/Sumaya Hisham
The general loss of faith in the economy is the most important issue President Zuma must address. More radical social and economic transformation, with emphasis on land reform will be most critical.
Treasury secretary John Fraser says if Australia were to permanently reduce net debt, it would have to achieve sustained structural budget improvements.
Lukas Coch/AAP
Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
The budget deficit is going to be way more than $35 billion.
AAP/Tracey Nearmy
The MYEFO numbers aren’t going to be pretty - but the projected future budget deficits are a fantasy.