what level of debt should the country be at
- Thread starter evince
- Start date
Which is just what our government has. An addiction. Much like the entire country.
evince
Truthmatters
evince
Truthmatters
which countries have zero debt idiot
canceled.2021.3
Former Vice President
Are you saying infrastructure can only be financed through debt?
We have an $18 trillion dollar annual GDP. 5% debt would be $900 billion. You think that is too little debt?
Right now we are over 100% of GDP
Which countries have surpluses? As far as idiot, stop looking in the mirror and discuss this rationally if you choose.
Cancel 2018.2
Oh, hi
What level do you think?
evince
Truthmatters
The U.S. and Canada had zero debt up to 1945. We did plenty of building and infrastructure. In fact, we are still relying on it today.
Bigdog
Harris - make America a 3rd world shithole
WRONG ... you're just making excuses for you to steal from babies and children.
And there are countries with zero debt. There's this thing called "google" ... you should check it out sometime
Bigdog
Harris - make America a 3rd world shithole
evince
Truthmatters
WRONG ... you're just making excuses for you to steal from babies and children.
And there are countries with zero debt. There's this thing called "google" ... you should check it out sometime
get us the records to prove what you claim
lets see how these countries do it
evince
Truthmatters
188
*Brunei
0
2014[201]
0
0
188
*Liechtenstein
0
2001[202]
0
0
—
*Macau
0
31 December 2013[203]
0
0
—
*Niue
0
27 October 2016[204]
0
0
190
*Andorra
N/A
190
*San Marino
N/A
190
*South Sudan
N/A
190
*Tuvalu
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
*Brunei
0
2014[201]
0
0
188
*Liechtenstein
0
2001[202]
0
0
—
*Macau
0
31 December 2013[203]
0
0
—
*Niue
0
27 October 2016[204]
0
0
190
*Andorra
N/A
190
*San Marino
N/A
190
*South Sudan
N/A
190
*Tuvalu
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
evince
Truthmatters
https://en.wikipedia.org/wiki/Brunei#Economy
Brunei's small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition.[96] Crude oil and natural gas production account for about 90% of its GDP.[11] About 167,000 barrels (26,600*m3) of oil are produced every day, making Brunei the fourth-largest producer of oil in Southeast Asia.[11] It also produces approximately 25.3*million cubic metres (890×106*cu*ft) of liquified natural gas per day, making Brunei the ninth-largest exporter of the substance in the world.[11]
Substantial income from overseas investment supplements income from domestic production. Most of these investments are made by the Brunei Investment Agency, an arm of the Ministry of Finance.[11] The government provides for all medical services,[97] and subsidises rice[98] and housing.[11]
The national air carrier, Royal Brunei Airlines, is trying to develop Brunei as a modest hub for international travel between Europe and Australia/New Zealand. Central to this strategy is the position that the airline maintains at London Heathrow Airport. It holds a daily slot at the highly capacity-controlled airport, which it serves from Bandar Seri Begawan via Dubai. The airline also has services to major Asian destinations including Shanghai, Bangkok, Singapore and Manila.
Brunei depends heavily on imports such as agricultural products (e.g. rice, food products, livestock, etc.),[99] motorcars and electrical products from other countries.[100] Brunei imports 60% of its food requirements; of that amount, around 75% come from the ASEAN countries.[99]
Brunei's leaders are very concerned that steadily increased integration in the world economy will undermine internal social cohesion. But, it has become a more prominent player by serving as chairman for the 2000 Asia-Pacific Economic Cooperation (APEC) forum. Leaders plan to upgrade the labour force, reduce unemployment, which was at 6.9% in 2014;[101] strengthen the banking and tourism sectors, and, in general, broaden the economic base.[102]
The government of Brunei has also promoted food self-sufficiency, especially in rice. Brunei renamed its Brunei Darussalam Rice 1 as Laila Rice during the launch of the "Padi Planting Towards Achieving Self-Sufficiency of Rice Production in Brunei Darussalam" ceremony at the Wasan padi fields in April 2009.[103] In August 2009, the Royal Family reaped the first few Laila padi stalks, after years of attempts to boost local rice production, a goal first articulated about half a century ago.[104] In July 2009 Brunei launched its national halal branding scheme, Brunei Halal, with a goal to export to foreign markets.[105]
Brunei's small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition.[96] Crude oil and natural gas production account for about 90% of its GDP.[11] About 167,000 barrels (26,600*m3) of oil are produced every day, making Brunei the fourth-largest producer of oil in Southeast Asia.[11] It also produces approximately 25.3*million cubic metres (890×106*cu*ft) of liquified natural gas per day, making Brunei the ninth-largest exporter of the substance in the world.[11]
Substantial income from overseas investment supplements income from domestic production. Most of these investments are made by the Brunei Investment Agency, an arm of the Ministry of Finance.[11] The government provides for all medical services,[97] and subsidises rice[98] and housing.[11]
The national air carrier, Royal Brunei Airlines, is trying to develop Brunei as a modest hub for international travel between Europe and Australia/New Zealand. Central to this strategy is the position that the airline maintains at London Heathrow Airport. It holds a daily slot at the highly capacity-controlled airport, which it serves from Bandar Seri Begawan via Dubai. The airline also has services to major Asian destinations including Shanghai, Bangkok, Singapore and Manila.
Brunei depends heavily on imports such as agricultural products (e.g. rice, food products, livestock, etc.),[99] motorcars and electrical products from other countries.[100] Brunei imports 60% of its food requirements; of that amount, around 75% come from the ASEAN countries.[99]
Brunei's leaders are very concerned that steadily increased integration in the world economy will undermine internal social cohesion. But, it has become a more prominent player by serving as chairman for the 2000 Asia-Pacific Economic Cooperation (APEC) forum. Leaders plan to upgrade the labour force, reduce unemployment, which was at 6.9% in 2014;[101] strengthen the banking and tourism sectors, and, in general, broaden the economic base.[102]
The government of Brunei has also promoted food self-sufficiency, especially in rice. Brunei renamed its Brunei Darussalam Rice 1 as Laila Rice during the launch of the "Padi Planting Towards Achieving Self-Sufficiency of Rice Production in Brunei Darussalam" ceremony at the Wasan padi fields in April 2009.[103] In August 2009, the Royal Family reaped the first few Laila padi stalks, after years of attempts to boost local rice production, a goal first articulated about half a century ago.[104] In July 2009 Brunei launched its national halal branding scheme, Brunei Halal, with a goal to export to foreign markets.[105]
evince
Truthmatters
https://en.wikipedia.org/wiki/Liechtenstein
Despite its limited natural resources, Liechtenstein is one of the few countries in the world with more registered companies than citizens; it has developed a prosperous, highly industrialized free-enterprise economy and boasts a financial service sector as well as a living standard that compares favourably with those of the urban areas of Liechtenstein's much larger European neighbours.
Liechtenstein participates in a customs union with Switzerland and employs the Swiss franc as the national currency. The country imports about 85% of its energy. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the European Union) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. Since 2002, Liechtenstein's rate of unemployment has doubled. In 2008, it stood at 1.5%. Currently, there is only one hospital in Liechtenstein, the Liechtensteinisches Landesspital in Vaduz. As of 2014 the CIA World Factbook estimated the gross domestic product (GDP) on a purchasing power parity basis to be $4.978 billion. As of 2009 the estimate per capita was $139,100, which is the highest listed for the world.[34]
Industries include electronics, textiles, precision instruments, metal manufacturing, power tools, anchor bolts, calculators, pharmaceuticals, and food products. Its most recognizable international company and largest employer is Hilti, a manufacturer of direct fastening systems and other high-end power tools. Liechtenstein produces wheat, barley, corn, potatoes, dairy products, livestock, and wine. Tourism accounts for a large portion of the country's economy
Despite its limited natural resources, Liechtenstein is one of the few countries in the world with more registered companies than citizens; it has developed a prosperous, highly industrialized free-enterprise economy and boasts a financial service sector as well as a living standard that compares favourably with those of the urban areas of Liechtenstein's much larger European neighbours.
Liechtenstein participates in a customs union with Switzerland and employs the Swiss franc as the national currency. The country imports about 85% of its energy. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the European Union) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. Since 2002, Liechtenstein's rate of unemployment has doubled. In 2008, it stood at 1.5%. Currently, there is only one hospital in Liechtenstein, the Liechtensteinisches Landesspital in Vaduz. As of 2014 the CIA World Factbook estimated the gross domestic product (GDP) on a purchasing power parity basis to be $4.978 billion. As of 2009 the estimate per capita was $139,100, which is the highest listed for the world.[34]
Industries include electronics, textiles, precision instruments, metal manufacturing, power tools, anchor bolts, calculators, pharmaceuticals, and food products. Its most recognizable international company and largest employer is Hilti, a manufacturer of direct fastening systems and other high-end power tools. Liechtenstein produces wheat, barley, corn, potatoes, dairy products, livestock, and wine. Tourism accounts for a large portion of the country's economy
evince
Truthmatters
https://en.wikipedia.org/wiki/Macau#Economy
Macau's economy is based largely on tourism. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services.[74] The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue.[55]
Macau is a founding member of the WTO and has maintained sound economic and trade relations with more than 120 countries and regions, with European Union and Portuguese-speaking countries in particular; Macau is also a member of the IMF.[75] The World Bank classifies Macau as a high income economy[76] and the GDP per capita of the region in 2006 was US$28,436. After the Handover in 1999, there has been a rapid rise in the number of mainland visitors due to China's easing of travel restrictions. Together with the liberalization of Macau's gaming industry in 2001 that induces significant investment inflows, the average growth rate of the economy between 2001 and 2006 was approximately 13.1% annually.[77]
In a World Tourism Organization report of international tourism for 2006, Macau ranked 21st in the number of tourists and 24th in terms of tourism receipts.[78] From 9.1*million visitors in 2000, arrivals to Macau has grown to 18.7*million visitors in 2005 and 22 million visitors in 2006, with over 50% of the arrivals coming from mainland China and another 30% from Hong Kong.[79]
Starting in 1962, the gambling industry had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly ended in 2002 and several casino owners from Las Vegas attempted to enter the market. With the opening of the Sands Macao,[80] in 2004 and Wynn Macau in 2006,[81] gambling revenues from Macau's casinos grew considerably prosperous.[82][83][84] In 2007, Venetian Macau, at the time the second (in 2017 is seventh) largest building in the world by floor area, opened its doors to the public, followed by MGM Grand Macau. Numerous other hotel casinos, including Galaxy Cotai Megaresort, opened in 2011,[85] and plans for a $3.9 billion complex that will be known as Lisboa Palace is expected to be completed by 2017.[86] In February 2015, the gambling revenue in Macau fell by 48.6 percent from a year earlier to 19.5 billion patacas ($2.4 billion), the biggest monthly decline that has ever been recorded. Reasons for this fall of revenue are related to the slowdown that the Chinese economy is having and a corruption crackdown by Chinese officials which has constrained lavish spending.[87]
In 2002, the Macau government ended the monopoly system and six casino operating concessions and subconcessions are granted to Sociedade de Turismo e Diversões de Macau, Wynn Resorts, Las Vegas Sands, Galaxy Entertainment Group, the partnership of MGM Mirage and Pansy Ho (daughter of Stanley Ho), and the partnership of Melco and Publishing and Broadcasting Limited (PBL). Today, there are 16 casinos operated by the STDM, and they are still crucial in the casino industry in Macau, but in 2004, the opening of the Sands Macau ushered in the new era.[80][88][89] Gambling revenue has made Macau the world's top casino market, surpassing Las Vegas.[90]
The amount of performances performed in Macau has also shown an increasing trend since the early 2010s, including the show House of Dancing Water,[91] concerts, industry trade shows and international art crossovers.[92]
Macau is an offshore financial centre, a tax haven, and a free port with no foreign exchange control regimes.[93][94][95] The Monetary Authority of Macau regulates offshore finance,[96] while the Macau Trade and Investment Promotion Institute provides services for investment in Macau.[97] In 2007, Moody's Investors Service upgraded Macau's foreign and local currency government issuer ratings to 'Aa3' from 'A1', citing its government's solid finances as a large net creditor. The rating agency also upgraded Macau's foreign currency bank deposit ceiling to 'Aa3' from 'A1'.[98]
As prescribed by the Macau Basic Law, the government follows the principle of keeping expenditure within the limits of revenues in drawing up its budget, and strives to achieve a fiscal balance, avoid deficits and keep the budget commensurate with the growth rate of its gross domestic product. All financial revenue of the Macau Special Administrative Region shall be managed and controlled by the region itself and shall not be handed over to the Central People's Government. The Central People's Government shall not levy any taxes in the Macau Special Administrative Region.[99]
Macau's economy is based largely on tourism. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services.[74] The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue.[55]
Macau is a founding member of the WTO and has maintained sound economic and trade relations with more than 120 countries and regions, with European Union and Portuguese-speaking countries in particular; Macau is also a member of the IMF.[75] The World Bank classifies Macau as a high income economy[76] and the GDP per capita of the region in 2006 was US$28,436. After the Handover in 1999, there has been a rapid rise in the number of mainland visitors due to China's easing of travel restrictions. Together with the liberalization of Macau's gaming industry in 2001 that induces significant investment inflows, the average growth rate of the economy between 2001 and 2006 was approximately 13.1% annually.[77]
In a World Tourism Organization report of international tourism for 2006, Macau ranked 21st in the number of tourists and 24th in terms of tourism receipts.[78] From 9.1*million visitors in 2000, arrivals to Macau has grown to 18.7*million visitors in 2005 and 22 million visitors in 2006, with over 50% of the arrivals coming from mainland China and another 30% from Hong Kong.[79]
Starting in 1962, the gambling industry had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly ended in 2002 and several casino owners from Las Vegas attempted to enter the market. With the opening of the Sands Macao,[80] in 2004 and Wynn Macau in 2006,[81] gambling revenues from Macau's casinos grew considerably prosperous.[82][83][84] In 2007, Venetian Macau, at the time the second (in 2017 is seventh) largest building in the world by floor area, opened its doors to the public, followed by MGM Grand Macau. Numerous other hotel casinos, including Galaxy Cotai Megaresort, opened in 2011,[85] and plans for a $3.9 billion complex that will be known as Lisboa Palace is expected to be completed by 2017.[86] In February 2015, the gambling revenue in Macau fell by 48.6 percent from a year earlier to 19.5 billion patacas ($2.4 billion), the biggest monthly decline that has ever been recorded. Reasons for this fall of revenue are related to the slowdown that the Chinese economy is having and a corruption crackdown by Chinese officials which has constrained lavish spending.[87]
In 2002, the Macau government ended the monopoly system and six casino operating concessions and subconcessions are granted to Sociedade de Turismo e Diversões de Macau, Wynn Resorts, Las Vegas Sands, Galaxy Entertainment Group, the partnership of MGM Mirage and Pansy Ho (daughter of Stanley Ho), and the partnership of Melco and Publishing and Broadcasting Limited (PBL). Today, there are 16 casinos operated by the STDM, and they are still crucial in the casino industry in Macau, but in 2004, the opening of the Sands Macau ushered in the new era.[80][88][89] Gambling revenue has made Macau the world's top casino market, surpassing Las Vegas.[90]
The amount of performances performed in Macau has also shown an increasing trend since the early 2010s, including the show House of Dancing Water,[91] concerts, industry trade shows and international art crossovers.[92]
Macau is an offshore financial centre, a tax haven, and a free port with no foreign exchange control regimes.[93][94][95] The Monetary Authority of Macau regulates offshore finance,[96] while the Macau Trade and Investment Promotion Institute provides services for investment in Macau.[97] In 2007, Moody's Investors Service upgraded Macau's foreign and local currency government issuer ratings to 'Aa3' from 'A1', citing its government's solid finances as a large net creditor. The rating agency also upgraded Macau's foreign currency bank deposit ceiling to 'Aa3' from 'A1'.[98]
As prescribed by the Macau Basic Law, the government follows the principle of keeping expenditure within the limits of revenues in drawing up its budget, and strives to achieve a fiscal balance, avoid deficits and keep the budget commensurate with the growth rate of its gross domestic product. All financial revenue of the Macau Special Administrative Region shall be managed and controlled by the region itself and shall not be handed over to the Central People's Government. The Central People's Government shall not levy any taxes in the Macau Special Administrative Region.[99]