The Federal Government has increased its planned borrowing for 2026 to N29.20 trillion following an expansion in the proposed budget ...

2004 Net portfolio equity outflow: $63 billion (TIC data); $37 billion (BEA) data. The difference seems to stem from different treatment of equity purchases related to mergers and acquisitions. Is the ...

Budget 2026: When a government needs to spend more than it earns, it turns to deficit financing. To cover this gap, it typically raises money by borrowing from the public through bonds or by printing ...

Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” ...

Budgets, taxes, and debt are the fundamental cycle of government finance. Expenditures are financed through taxes or debt. When spending exceeds tax revenue, the budget deficit must be bridged by ...