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Nairaland Forum / Nairaland / General / Politics / UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. (523 Views)
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UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by NASTYNASOSO: 7:07am On Nov 30, 2020 |
BBC NEWS: UK to borrow £394bn in 2021 to pay for public workers & others. ME: That's N190 trillion equivalent to �� 17 years budget. Na Buhari's fault. #OCCUPYFARMS: UK is Borrowing 394billion Pounds. The USA Borrowed $3Trillion Between April & June, 2020. Nigeria Will Need 2Borrow About $25billion 2Recover From The Impact of #COVID19 Plus #ENDSARS & Someone Will Tell Me Borrowing is A Sign of Poor Planning & Mgt. DEM FIT WELL? |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by nonoski: 7:15am On Nov 30, 2020 |
UK is also in recession. In a recession year u borrow ur way out of recession. |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by giftedben: 7:17am On Nov 30, 2020 |
NASTYNASOSO: Op these countries borrow money to better the living conditions of their citizens. While Buhari and his crooks borrow to pocket the money for their selfish interests. |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by doggedfighter(f): 7:17am On Nov 30, 2020 |
D |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by Nobody: 7:19am On Nov 30, 2020 |
NASTYNASOSO:People like you are the reason Nigeria can't progress because u are in majority Even if uk borrow 1 trillion dollars , the question is can they service it ? U make 350 billion naira on a good month as a country , wage bill is 180 billion , debt servicing is 150 billion .....and in your normal sense u think u should borrow more Enter economics class u no gree now see as you disgrace your family 2 Likes |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by NASTYNASOSO: 7:38am On Nov 30, 2020 |
Igbochief001: HMMMMMMM YOUR ASSERTIONS HOLD NO WATER.. YOUR LOCAL MARKET ECONOMICS HAS NO BASIS IN MODERN DAY ECONOMICS . WHY CANT YOU USE INDIAN ECONOMY THAT IS IN RECESSION FIRST TIME IN ABOUT 70 YEARS TO APPLY YOUR CLAIM. YOUR MUMU DON DO ABEG 1 Like |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by pointstores(m): 8:04am On Nov 30, 2020 |
Nawa |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by Nobody: 8:33am On Nov 30, 2020 |
NASTYNASOSO:I'm talking about revenue to debt servicing you are here talking about recession Borrowing money is easy ...do u have what it takes to pay back ? Would the borrowed money increase your revenue ? |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by NASTYNASOSO: 12:19pm On Nov 30, 2020 |
Igbochief001: HMMMMMMM YOU CAN BORROW TO INCREASE YOUR REVENUE AND ADD VALUE . WE ARE BORROWING FOR CAPITAL PROJECTS OF URGENT NEED. IN MOST CASES WE ARE WASTING TWICE THE RESOURCES IF THE PROJECTS ARE NOT EXECUTED . SO WE NEED TO BORROW. 1 Like |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by Nobody: 1:08pm On Nov 30, 2020 |
NASTYNASOSO:Capital project and revenue generating revenue are different ...we used billions of dollars to build Abuja kaduna road ...how much do we make in a day from it ? Upto 5 million what year would u pay back with such change U want to borrow 22 billion to build rails ...that would increase our debt servicing by over 80 billion a month or more ....can those railline generate even 10 billion a month ? |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by rossniti: 2:04pm On Nov 30, 2020 |
Igbochief001: Dude, if a country like Nigeria, with its low annual budget of $35 billion has to use its income alone to fund development, it would take a century or more to reach there. They've really no choice but to borrow, in the hope that infrastructure built will generate greater economic activity and raise GDP. 2 Likes |
Re: UK On Loan Borrowing Spree,to Borrow 394 Billion Pounds. by Nobody: 2:23pm On Nov 30, 2020 |
rossniti:Your budget is Inflated even ...we make less than $15 billion a year The question should be y ...a fairly smart person ruling Nigeria can generate $100 billion a year it's easy super easy |
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