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Are the forecast budget deficits sustainable?
Wookster
Posts: 3,795 Forumite
Forecast deficit numbers are significantly worse than expected, I doubt that borrowing on such a large scale is sustainable for much longer than 2 years. What are your thoughts?
Is borrowing at these levels sustainable in the short term? 20 votes
Yes, everyone else is doing it so why shouldn't we?
15%
3 votes
No.
85%
17 votes
0
Comments
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Forecast deficit numbers are significantly worse than expected, I doubt that borrowing on such a large scale is sustainable for much longer than 2 years. What are your thoughts?
Why no 1975-76 showed when we went to the IMF or 1945-47 after WW2 to complete the picture show a comparable situation?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I don't think so to be honest, look at the difference between Mar-Nov. 2008 and then again in April 2009, I think the forecasts again are too low and I expect us to go even higher than the 12%. I don't think the general public realise just how bad these figures are, and don't forget these are forecast by the government, who are bound to be optimistic.0
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I don't think so to be honest, look at the difference between Mar-Nov. 2008 and then again in April 2009, I think the forecasts again are too low and I expect us to go even higher than the 12%. I don't think the general public realise just how bad these figures are, and don't forget these are forecast by the government, who are bound to be optimistic.
I wouldn't be surprised if we are running >15% deficits in the next couple of years. I wander how the bond markets would take that.0 -
Why you don't think we are going to have to go to the IMF again do you Steve ?;)
No, but interesting to see a complete picture, when I see a graph with relevant info omitted I wonder why
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Doesn't the chart show that the forecast budget deficit ISN'T sustainable? You see where it goes down? that means that the peak is not being sustained.
Are the meaning of English words something you struggle with on Planet Wookster? "Sustained" means "goes on" - your question would make sense if the forecast showed a peak that doesn't plan to diminish to zero....0 -
Rochdale_Pioneers wrote: »if the forecast showed a peak that doesn't plan to diminish to zero....
A lot of borrowers always have the best intentions of paying their debt off, yet they fail to do so, and in many cases the debt gets worse, we only need to look at the DFW board on this very site.
The government are the ultimate DFW member.0 -
No, but interesting to see a complete picture, when I see a graph with relevant info omitted I wonder why
that's not what wookie boy wanted - he's just stalking Rochdale again
what's wookie boy going to say when the banks repay their bail-outs and the banks shares are sold for a profit... :rolleyes:0 -
A lot of borrowers always have the best intentions of paying their debt off, yet they fail to do so, and in many cases the debt gets worse, we only need to look at the DFW board on this very site.
The government are the ultimate DFW member.
banks have become very profitable very quickly (for now anyway).
the Government debtors look to be liquid again - there should be no problems with repaying this debt.0 -
A lot of borrowers always have the best intentions of paying their debt off, yet they fail to do so, and in many cases the debt gets worse, we only need to look at the DFW board on this very site.
The government are the ultimate DFW member.
Most borrowers are not triple A rated
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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