The growth of interest payments in austerity budget

Posted on June 22, 2010 by Sabine Kurjo McNeill

It is quite extraordinary to watch what is happening publicly and to “see” what is really taking place. I have added today’s budget figures to the analysis of the last 10 years and produced the three graphs below. The June 2010 figures are labelled “2011″. What matters in the development of these budgets is: 1. [...]

Filed under: Credit creation, Government budgets, Government debt, National debt, Public debt, Sovereign debt | Tagged: , , , | 4 Comments »

UK Budget 2010

Posted on March 25, 2010 by Sabine Kurjo McNeill

Yesterday I added this year’s budget figures to the data of the past nine years. The trend that was set in motion by the ‘crisis’ continues: budget deficits are higher than ever while expenditure grows steadily, income is curbed but interest payments are steady on the rise. In other words, endebtedness of the government to [...]

Filed under: Government debt, Money as Debt, National debt, Public debt, Sovereign debt | Tagged: | 2 Comments »

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