Payments
in sentence
1196 examples of Payments in a sentence
That might be the case if all that central bankers did was, say, choose computer software for clearing
payments.
In fact, the panicked selling of Asian currencies only began to subside when the Asian debtors (mainly private banks and corporations) actually suspended debt payments, and began to negotiate a formal roll over of these loans.
Korean banks and international banks agreed to postpone Korea’s debt
payments
falling due in the first quarter of 1998.
First, the timing of debt
payments
will need to be stretched out even further in all countries, so that the panic finally comes to an end.
But another response to the new reality is available: Leave central banks alone, but give governments a greater say in domestic money creation – and, indeed, greater independence from the central bank – by establishing a parallel
payments
system based on fiscal money or, more precisely, money backed by future taxes.
And they will do so well in advance of tax
payments
because the state guarantees to extinguish in, say, a year €1,080 ($1,289) of the tax owed for every €1,000 transferred today – an effective annual interest rate of 8% payable to those willing to pay their taxes a year early.
These time-stamped future tax euros, or fiscal euros, can be held for a year until maturity or be used to make
payments
to other taxpayers.
In this closed
payments
system, as fiscal money approaches maturity, taxpayers not in possession of that vintage will fuel rising demand for it.
Similarly, debt-conversion schemes such as Debt2Health and debt-for-nature swaps would allow countries to redirect debt-service
payments
to development projects.
If one focuses solely on the current-account side of the balance of payments, it may look that way.
Such subsidies are a global scandal, yet large
payments
to largely wealthy American and Greek cotton growers seem likely to persist for many years.
The only chance to end cotton subsidies is now somehow to convince US and EU leaders to assist African peasants by curtailing
payments
to their own cotton farmers.
The powerful US cotton lobby wants no change in the level of payments, however.
Ukraine has $3.1 billion in debt
payments
coming due in the year 2000.
A new start-up called Moven plans to track small
payments
so that you can see in real time how you are sticking to or deviating from a budget.
This helped many of them weather the recent storm, but it also contributed to global
payments
imbalances.
Nor do transfer
payments
or higher pensions provide much of a sustainable basis for spending.
Interest payments, which consume more than 10% of Germany’s federal budget, will grow along with the mounting debt burden – and even faster if interest rates rise.
In Greece, most of the “rescue” funds in the temporary “assistance” programs are allocated for
payments
to existing creditors, while the country is forced into austerity policies that have contributed mightily to a 25% decline in GDP and have left its population worse off.
The reduction in government revenues caused by the crisis has exacerbated the debt problem, even though the government’s real (inflation-adjusted) primary expenditures (not including interest payments) have fallen by over 20% during the current decade.
First, Puerto Rico needs a plan that “sharply reduce[s] the debt burden, delay[s] debt
payments
to allow the economy to grow again, and create[s] some room for additional public investment to restore economic growth.”
It would require no transfer payments, because each country would remain responsible for servicing its own debt.
All the alternatives are inferior: they either involve transfer payments, perpetuate an uneven playing field, or both.
The Dawes Plan of 1924 sought to stagger Germany’s reparations
payments
for World War I.
French insistence on harsh reparations
payments
after World War I clearly prepared the ground for the rise of Hitler.
Augmenting estimates further, Doing Business does not measure only expected tax
payments.
In reality, corporate-tax payments, as a share of gross profits, are quite low.
Following China’s announced moratorium on new coal-fired power plants at the end of last year, Peabody, the world’s largest coal company, recently filed for bankruptcy protection in the US, after it could no longer make its debt payments, partly because of waning demand for coal.
Likewise, Bolivia’s automatic allocation of a fixed portion of tax revenue to local government has created a de facto stabilization fund, while cash bond
payments
to senior citizens have spread some of the wealth.
The table (see at the bottom of the text) gives a flavor of the odyssey involved in setting up a business: an average for 75 countries shows more than 10 separate steps of getting various certificates and a cumulative time of 63 days spent in getting the paperwork done (assuming no bureaucratic delays) and total
payments
to government as high as one third of a year’s income.
Back
Next
Related words
Interest
Would
Their
Which
Countries
Government
System
Balance
Could
Other
Transfer
Financial
Income
Budget
Country
Billion
Banks
Should
Public
International