Targeted fiscal measures help lower risks of record-high global debt: IMF – ecns

Adequately designed fiscal measures can help lower the risks of record-high global debt toward global recovery and financial stability, said the International Monetary Fund (IMF) on Wednesday in a newly-released report. “At 225 percent of world GDP, the global debt of the nonfinancial sector — comprising the general government, households, and nonfinancial firms — currently…

International Monetary Fund warns on exploding private debt – The Australian Financial Review

The IMF has recommended governments phase out tax incentives that encourage borrowing. Global public and private debt has blown out to a record $US152 trillion ($199 trillion) and Australian households are bingeing on borrowed money at a “fast pace”, exposing the economy to a future crisis, warns the International Monetary Fund. In a wake-up call about the…

Government moves to slash $25 billion from student loan debt – The Australian Financial Review

Federal cabinet signed off on Tuesday on a proposal from Education Minister Simon Birmingham that replaces Labor’s VET FEE-HELP with a scheme that will also put in tougher barriers to entry to training providers Q&A The Turnbull government believes it can significantly slash $25 billion of student debt from a disastrous vocational education student loans scheme as part…