Household debt crisis deepens as betting drains stretched budgets

Share current article via EmailShare current article via FacebookShare current article via TwitterShare current article via LinkedIn lead-art-block.fullscreen-enterExpand Households are drowning in debt — and raiding pension savings to pay it off. (iStock) Gambling activity is widespread among South African consumers seeking debt counselling, according to DebtBusters. The organisation notes that often money is diverted…

How Digital Financial Systems and Compliance Reforms Can Ease Debt Pressures in the Maldives

Digital financial management, risk-based audits, and stronger oversight are needed to improve accountability, efficiency, and long-term stability across government operations. The Maldives is facing financial and governance pressures after a series of economic shocks and growing exposure to rising seas and extreme weather.  Public debt increased sharply during the pandemic, while fragmented information systems and…

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Tax Agency: Deferral and fractioning of debts

Skip information index Contents Contents: Request for deferrals and installments Management of deferrals and installments How to answer data requests How to answer bank account information requests How to print the response to the request Request for extension of deadline for response to requests Request for deferrals and installments Debts, whether voluntary or executive, may…