“The government expects the debt ratio to reach around 36 percent to 41 percent of GDP next year to fund the country’s fiscal deficit,” he said.The government is planning to raise Rp 900.4 trillion (US$61.05 billion) from the government bonds issuance in the second half this year as it allocates Rp 695.2 trillion in stimulus to strengthen the healthcare system and rescue the virus-battered economy despite slow budget absorption. It has also agreed on $40 billion in debt monetization with Bank Indonesia (BI), which would see the central bank buy at least $28 billion worth of government bonds through a private placement this year.The rising debt has become a concern for several economists as it could potentially lower investors’ confidence in the Indonesian economy. Government officials have repeatedly stated that they will prudently manage debt and financing policies.The government now expects to record a state budget deficit of 6.34 percent of GDP this year and 5.5 percent in 2021. It has pledged to reinstate the budget deficit cap of 3 percent by 2023 in a bid to continue implement a fiscal discipline scheme that has been lauded by investors for a long time. Indonesia’s debt has risen significantly this year as the government has ramped up spending to rescue an economy battered by the coronavirus pandemic amid falling state revenue collection.The country’s debt-to-gross domestic product (GDP) ratio rose to 34.53 percent as of August, a jump from 29.8 percent recorded in the same month last year, Deputy Finance Minister Suahasil Nazara said on Monday, adding that the debt ratio might reach 37.6 percent by the end of this year.The debt-to-GDP ratio rose because of a lower interest rate and weakening rupiah exchange rate, as well as the rising issuance of sovereign debt papers (SBNs) to cover financing needs to manage the outbreak as the budget deficit widened, Suahasil told lawmakers. “[Indonesia’s] fiscal deficits were well below the budget ceiling over the past decade, illustrating support for prudent fiscal policy across the political spectrum,” Fitch Ratings wrote in its report on Sept. 8, expecting the government’s pandemic response would bring the deficit to 6 percent of GDP this year from 2.2 percent in 2019.Indonesia’s slowing economic activity is bad news for state revenue, which fell 13.5 percent year-on-year (yoy) to Rp 1.02 quadrillion as of August, according to Finance Ministry data. The amount is around 60.5 percent of the government’s state revenue target totaling Rp 1.69 quadrillion as stated in Presidential Regulation (Perpres) No. 72/2020.Income from taxes and excise reached Rp 795.95 trillion as of August, while nontax income stood at Rp 232.07 trillion as businesses were hit by weakening demand and lower commodity prices.The Indonesian economy shrank 5.32 percent in the second quarter this year and the government expected the economy to shrink further by 2 percent at worst in the third quarter, which will mark the country’s first recession since the 1998 Asian financial crisis.Center of Reform on Economics (CORE) Indonesia research director Piter Abdullah said the government’s rising debt was necessary to jack up state spending needed during the current economic downturn, adding the slowing economic activity “will surely hit hard” on state revenue.“All countries are doing the same thing, the government must inject a huge amount of money to rescue the economy as businesses falter while households cut back on consumption,” he told The Jakarta Post on Monday. “The important thing is to ensure the survival of households and businesses by accelerating stimulus disbursement and managing the outbreak.”Bank Mandiri chief economist Andry Asmoro said on Aug. 12 that the government’s prudent fiscal policies in recent years had provided room for the authority to deal with the impact of the pandemic.He expressed optimism that the government’s burden sharing agreement with BI would help reduce the country’s debt burden and bring down bond yields.Topics :
90 McLean St Coolangatta“It was just before Christmas and the block had been on the market for quite some time. It was overgrown and it needed a lot of work. “Benson and I sat down and drew what we imagined to be our forever home.“We lived in a tiny studio in London before the Kirra apartment and this house was the next step of gradually expanding our living.”The couple said sustainability and privacy were at the top of their list when they met with their draftsman Travis Quennell. 90 McLean St CoolangattaThe couple said the house has been network wired and has 50 data points that all lead back to a central data room.The three-level home is centred on the kitchen and living area which open up to the deck and captures breezes and views. The high-ceilings and contemporary colour-palette combine with timber finishes for a light and bright look. 90 McLean St CoolangattaThe mother-of-one said the home was designed for their young daughter Orla with a custom-built swing set in the back yard and shaded swimming pool. The lounge and dining area flows out to a wraparound balcony where Mrs Harvey said kookaburras are usually found. 90 McLean St CoolangattaThe main bedroom is located on the third level and has a separate lounge area and balcony. The four bedroom home is poised on a 1028sq m sloping block.“We call it the Tardis home because it seems small and compact from the front but it is huge inside,” Mrs Harvey said. More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago90 McLean St Coolangatta“Travis was a good choice for us because he was working at Ecovillage in Currumbin,” Mrs Harvey said.“He basically brought our idea to life with all the mods we wanted.“My husband is an electrician so we were able to do all the wiring ourselves and the outside deck, lounge, dining and kitchen have been Clipsal CBUS wired.” 90 McLean St CoolangattaSLEEP consultant Elaine Harvey knows a thing or two about getting a good night’s rest and her Coolangatta home promises to give you just that.After living in an apartment for five years, Mrs Harvey and her husband Benson said they sold their unit on a whim.The pair bought the block of land at 90 McLean St in 2013 and set out to create their dream property. “The plan was actually to go against the trend of buying a home and live mortgage free but that didn’t last long because we found a block shortly after selling the unit in Kirra,” Mrs Harvey said.
RBA Governor Philip Lowe has been operating via webcam for meetings, and has 90 per cent of his staff working from home.Reserve Bank Governor Philip Lowe fronted the Federal Senate Select Committee on COVID-19, saying ensuring Aussies got their jobs back was his main focus right now, which would take care of future mortgage repayments. ‘Don’t wait’: sober warning to tenants, landlords “But,” he said, “the issue will be in three, or four, or five months’ time, are we getting a solid bounceback? And are people getting jobs and are hours (of work) in the economy rising? If that’s not happening because either the virus re-emerges or people are just incredibly nervous to go out and spend because of their health or their jobs, then the Government will need to find more ways to support people.” “At the moment, it’s plausible that this scheme could taper off, but it’s also plausible that further support will be needed, and, because of the uncertainty, I can’t say which world we’re going to be in. I think we needed a preparedness to do more if it’s necessary.”More from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days agoMr Lowe also encouraged borrowers to shop around when it came to interest rates.“I always encourage people to shop around. Because in the Australian financial system, there are actually some very well priced products for consumers and one of the problems that we have is that people don’t take them up. So I encourage people to shop around. I know it’s not always easy but if we can shop around, people can get a better deal.” The RBA has its cash rate target at a record low 0.25 per cent.He had been questioned over high interest rate charges on credit cards, and agreed with Senator Lambie that 20 to 21 per cent was “extraordinarily high”.“I agree with you they are extraordinarily high and like you I can’t understand why they are so high,” he said. “I do however note that there are a lot of different products on the marketplace.”“So if you’re paying 20 per cent, you certainly shoiuld be going to another credit card provider or another option within your bank with a lower interest rate, because there actually are credit cards available in Australia with moderately acceptable interest rates.” “I know not everyone can switch but the best way to put pressure on the banks if they’re charging 20 per cent is for people to leave those products and go to ones where they are offering 10 or 12 per cent. It’s still high but it’s much better.” FOLLOW SOPHIE FOSTER ON FACEBOOK MORE: Coronavirus sparks land sales surge Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Mr Lowe, who fronted the Committee virtually from his office on Thursday, was told by Senator Jacqui Lambie that she was “terribly concerned” that people didn’t know what was going to happen in September – when JobKeeper payments were set to peter out – and asked if he was similarly concerned.“What I am focused (on) is people geting jobs and income again,” Mr Lowe responded. “If people have got their jobs back and their income back then they will be able to pay their mortgages back.” Trains began to empty in early March as people stopped travelling because of coronavirus. Picture: Steve Pohlner“So the fact that people have a bit more interest to pay over the term of their loan which could be another 15 years or something which would be spread out, that’s entirely manageable if you’ve got a job and if you’ve got your income… my focus is making sure that people have got their jobs and income.”Mr Lowe told the committee that “the econmy is doing a bit better than was earlier feared”.But he added that while the better than expected result did not affect RBA forecasts, job numbers did.“What’s affecting our assessment of the economy is the labour force data,” he said.Senator Lambie asked Mr Lowe if he thought “the govt should be spending more money, now that we’ve spent less to plug those some of those holes, and keep the econony moving?” Mr Lowe said “right now I don’t think they do”.
LNG World News Staff Cove Point LNG export facility (Image courtesy of Dominion Energy)Dominion Energy on Monday said it expects to start production in November at its Cove Point liquefied natural gas export terminal, the second US facility to ship LNG produced from shale gas. Overall, the 5.25 million mt liquefaction facility being built at Dominion’s existing LNG terminal is about 97 percent complete.“Construction is essentially complete. All processes have been turned over for site commissioning and we have entered the final phase of start-up,” chief executive Thomas Farrell said during Dominion’s third-quarter results conference call.“We will begin generating LNG next month, then conclude commissioning in December, and expect to be in service by the end of the year,” Farell added.The production capacity at Cove Point has been almost fully subscribed with India’s GAIL and a joint venture of Japan’s Sumitomo and Tokyo Gas under 20-year terminal service agreements.Answering a question during the call on potential excess capacity at the plant, Farrell said that any excess capacity on the system will go to Cove Point’s current long-term shippers.Once in operation, Cove Point will be the second US exporter of LNG sourced from shale gas.To remind, Houston-based LNG export player Cheniere became the first in February last year when its Sabine Pass liquefaction plant shipped its first cargo to Brazil.
Loading… Promoted Content11 Most Immersive Game To Play On Your Table Top7 Worst Things To Do To Your PhoneFantastic-Looking (and Probably Delicious) Bread Art7 Universities Where Getting An Education Costs A Hefty Penny9 Facts You Should Know Before Getting A Tattoo10 Risky Jobs Some Women DoCouples Who Celebrated Their Union In A Unique, Unforgettable WayCan Playing Too Many Video Games Hurt Your Body?7 Facts About Black Holes That Will Blow Your MindImpressive Caricatures Of Marvel Characters By Xi DingBirds Enjoy Living In A Gallery Space Created For ThemTop Tastiest Foods From All Over The World Two of the most exciting young talents in tennis take centre stage at the Australian Open on Friday when 15-year-old American Coco Gauff takes on reigning champion Naomi Osaka. It will be just the second instalment of a budding rivalry that could light up tennis for the next decade or more, having met for the first time at the US Open last year. Coco Gauff and Naomi Osaka will clash in Melbourne in Friday’s third round The 38-year-old Serena Williams still reigns over the women’s game but Osaka, 22, has been touted as a possible successor in the short term, and Gauff as the longer-term heir apparent. They have a long way to go to get anywhere near Williams’s success and stature, but can press their claims when they meet in the third round in Melbourne. Williams, chasing a record-equalling 24th Grand Slam title, could await in the quarter-finals. Williams was hugely impressed by what she saw in Gauff at a pre-season training camp, saying that she was “nowhere near her level at 15 either on the court or off the court, not even close”. Gauff stunned Williams’s older sister Venus in the first round on her Grand Slam debut at Wimbledon last year, then pulled off the same trick earlier this week in Melbourne. She is making her debut at the Australian Open and is the youngest player in the draw. Japan’s two-time Grand Slam champion Osaka, the third seed, will be expected to win because she taught the teenager a harsh lesson nearly five months ago in New York. On that occasion, the Japanese crushed a tearful and overawed Gauff 6-3, 6-0 in a little over an hour, also in the third round. But after coming back from a set and 3-0 down to defeat Romania’s Sorana Cirstea on Wednesday, Gauff vowed things would be different this time. “I think I’ll be less nervous this time,” she told the world’s media, displaying remarkable poise for one so young. “She plays really aggressive. This time coming in I’m going to be more aggressive. “I think I’m more confident this time around,” Gauff added. – ‘Gauff will be no.1’ – Despite that meek defeat last time Gauff still has good memories of playing Osaka, who was defending champion at Flushing Meadows. Osaka, number one in the world at the time, consoled an emotional Gauff with a hug afterwards. That was followed by tearful on-court interviews, Osaka asking the teenager to join her with the microphone. Gauff has not forgotten those gestures and hopes it can inspire the generation even younger than her. “It was definitely a good moment I think for both of us, especially me,” she said. “But I think more just for the people watching, the little girls watching and little boys who can kind of see what sportsmanship is really. “I think that’s something if I had a child or something, that’s something I would want my child to see. It just shows what being a competitor really is,” said Gauff. Justine Henin, the former world number one and a seven-time Grand Slam champion, says that Osaka is the favourite because of her form and experience on the biggest stage. But the retired Belgian also told Eurosport: “Coco Gauff is one of the players we are going to talk a lot about in the future. “She has the potential to be world number one, that’s for sure.” FacebookTwitterWhatsAppEmail分享
Area Basketball Scores.Monday (12-28)Girls Scores.Waldron 57 Oldenburg Academy 43Boys Scores.Edinburgh Tourney.1st Round Scores.Hagerstown 56 Jac-Cen-Del 45Indy Lutheran 55 South Decatur 31Edinburgh 85 Medora 52Indy Manual 77 Trinity Lutheran 602nd Round Scores.Jac-Cen-Del 58 South Decatur 31Trinity Lutheran 56 Medora 40Hagerstown 52 Indy Lutheran 42Indy Manual 89 Edinburgh 63Northeastern Tourney.1st Round Scores.Union County 57 SW Hanover 48Lawrenceburg 48 Monroe Central 25Northeastern 65 New Washington 32Gary 21st Century 71 Triton Central 422nd Round Scores.Monroe Central 59 SW Hanover 50Union County 58 Lawrenceburg 48New Washington 60 Triton Central 52Northeastern 83 Gary 21st Century 78
By Randy Pospishilsports@norfolkdailynews.comNORFOLK, Neb. (Aug. 20) – Competitive races and close finishes were the themes at Off Road Speedway Saturday night.That was the case in three of the four divisions … the exception being Kyle Prauner’s run-away-and-hide ninth win in the Karl Chevrolet Northern SportMod feature … with the race of the night coming in the IMCA Sunoco Hobby Stocks where Brent Jochum edged Tiffany Bittner at the finish line for his second win of the season.Although Jochum had a front row outside starting position, which allowed him to stay close to leader Cameron Wilkinson, who led 13 of the race’s 15 laps, Bittner had to make her way to the front from seven rows back but did so by the mid-point of the race.It was Bittner, in fact, who took the lead from Wilkinson by moving underneath on the inside of turns three and four entering the final lap, but moments later, coming out of turn two and down the backstretch, Jochum passed on the outside, setting up the nearly side-by-side finish with Jochum’s no. 4J car edging Bittner’s 95.“I got loose up there (high side of the track) a couple times, but I just kept coming back,” Jochum said. “I’ve got to thank the guys who work this track every week; it’s smooth, fast, and you can race everywhere.”“I wasn’t going to change from that high side; it was working, and I was going to finish where I started–and it worked out,” he said.The Mach-1 Sport Compacts also involved a close finish, although it was for second place behind Dustin Jackson, who picked up his fourth win of the season at Off Road Speedway after securing the lead two laps into the 12-lap feature.An inside move entering the backstretch from turn two with two laps left allowed Ramsey Meyer to outrun Shannon Pospisil to the finish line as the pair took second and third place, respectively.A caution with two laps remaining set up a green, white, checkered finish in the IMCA Sunoco Stock Car feature that put pressure on Kyle Wilkinson, bringing the cars of John Hadcock, Ron Pettitt and Doug Adamy onto Wilkinson’s rear bumper for the restart.Wilkinson was able to hold on for his first-ever win at Off Road Speedway, while Adamy used the outside of the track to sprint past both Hadcock down low and Pettitt in the middle of the track for his first top five finish on the Norfolk track.Prauner’s ninth win in the Northern SportMod feature adds to his cushion at the top of the track’s point standings list.Behind Prauner, Matt Haase and Colby Langenberg finished in second and third-place, respectively.
Kyle Lafferty is ready to leave Norwich to stay sharp for Euro 2016. The Irish Football Association wants to use Friday’s friendly against Latvia as a celebration of the qualification that was secured with victory over Greece last month. Given results in the recent campaign, it is a curious statistic that manager Michael O’Neill has yet to win a friendly in 10 attempts. Should he buck that trend, Northern Ireland could see themselves set a new high watermark in the FIFA rankings. “These are exciting times and hopefully Friday will be a sell out and it can be another big night at Windsor,” said Lafferty. “There is no pressure on us in the game but that doesn’t mean we don’t want to win it. We want to go out and put on a show for the fans. “We are now 29th in the rankings and it would be good to keep climbing. We have never been higher than 27 so that would be great for Michael and the boys if we could get higher than that.” He scored in the first of those, a Capital One Cup win over West Brom, but has since been handed just 13 Premier League minutes. The former Rangers striker is desperate to prove himself in the top flight but Neil has consistently been deaf to his claims. “I’m going to have to sit down with the manager in January and have a discussion with him,” said Lafferty. “I know that I will need to play football in the new year and going into the Euros. “It is difficult at my club at present with not playing, but I will keep training and working away in the hope I get my chance. “I’d love to be playing at Norwich but if I have to go out on loan or be sold to play football that might be the way it will be. “For the Euros I want to be in the best shape of my life and need to be playing to do that.” His Carrow Road struggles mean Lafferty appreciates the feelgood factor around Northern Ireland more than most. The Fermanagh forward has been unable to win over Canaries boss Alex Neil despite shooting Northern Ireland to their first major tournament in 30 years. The 28-year-old hit the net seven times in nine matches in his country’s qualifying campaign but has been restricted to just two substitute appearances at club level this season. Press Association
New Delhi: Juventus will meet Manchester United in the UEFA Champions League 2018/19 group stage as Cristiano Ronaldo prepares himself to face his former side in the Group H clash of UCL. The Portuguese skipper joined Italian giants Juventus from Champions League defending champions Real Madrid in the summer transfer window for reported fees of £100 million.Ronaldo has only played against his former side Manchester United only three times since leaving the Red Devils in 2009 and scored in both the legs of the 2013 match-up in the UCL as the Los Blancos defeated the Manchester side 3-2 on aggregate. Real Madrid’s all-time leading scorer will also make his return to Spain as Juventus are also scheduled to face La Liga club Valencia. The Spanish giants will also face Swiss champions Young Boys.The Juventus-Manchester United will also mark the return of 2018 World Cup winner Paul Pogba to face his former side after playing for the Turin side from 2012-2016.In other group stage draws, Jurgen Klopp’s Liverpool is also set for some tough matches as they got Ligue 1 champions Paris Saint-Germain and Italian giants Napoli.”For sure, when you have already a group with Paris Saint-Germain and Napoli — two absolutely top teams — then you don’t want to have Liverpool as the third team,” Klopp said. “Barcelona’s group also guarantees some tasty fixtures as they were drawn with Inter Milan, Tottenham Hotspur, and Dutch champions PSV Eindhoven.The UEFA Champions League 2018/19 Group stage begins from September 18, with two clubs from each group will advance to the knockout round.The complete groups of UEFA Champions League 2018/19:Group A: Atletico Madrid, Borussia Dortmund, Monaco, Club BruggeGroup B: Barcelona, Tottenham Hotspur, PSV Eindhoven, Inter MilanGroup C: Paris Saint-Germain, Napoli, Liverpool, Red Star BelgradeGroup D: Lokomotiv Moscow, Porto, Schalke, GalatasarayGroup E: Bayern Munich, Benfica, Ajax, AEK AthensGroup F: Manchester City, Shakhtar Donetsk, Lyon, HoffenheimGroup G: Real Madrid, Roma, CSKA Moscow, Viktoria PlzenGroup H: Juventus, Manchester United, Valencia, Young BoysAtletico Madrid’s Metropolitano Stadium will host the final on June 1. For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.
USC sophomore outfielder Alex Glenn knows all too well what it’s like to fly under the radar.After all, during the first two years of his high school career at Henry County High School, Glenn patrolled the outfield with Jason Heyward, the No. 14 pick of the 2007 MLB draft and the current right fielder for the Atlanta Braves.Needless to say, the two players have taken different paths since their high school days in McDonough, Ga.For Heyward, the path was a rather smooth and painless one.A first-round draft pick, the No. 1 ranked prospect in the Braves organization by Baseball America a year later and then within three years, starting on their opening day roster.For Glenn, although the road to fulfilling his personal dreams was paved with good intentions, the trek is still just beginning.“I look at Jason as a mentor, for what he has been able to do,” Glenn said. “Getting a chance to watch him on the field and off, to see how he carried himself, was very important for me.”Glenn was also drafted, albeit in the 37th round of the 2009 draft by the Florida Marlins.His draft status, however, was in no way indicative of the type of talent he put on display for four seasons at Henry County High School.One look at No. 24 roaming the outfield, running down the baseline or taking a pitch with power the opposite way, it’s not difficult to see that he has all the tools.So why did he plummet down the draft board in 2009?After much deliberation with his family members upon graduation, Glenn decided that unless he was presented with an offer he couldn’t refuse, it was more practical to take the traditional route: testing his skills at the collegiate level while also getting an education.So the big winner in the Alex Glenn sweepstakes was, of course, USC.But after last year’s subpar freshman campaign in a limited role, you would have been hard-pressed to convince the outfielder or former USC coach Chad Kreuter that either had benefited from his measly 14 starts.Although a .193 batting average with 11 hits, 12 RBIs and two stolen bases doesn’t even scratch the surface of Glenn’s potential, a summer of changes — in his own game and in the USC program — have the sophomore all smiles about the Trojans’ 2011 season, which begins Friday night against Missouri.When Frank Cruz was hired on an interim basis to take over the coaching duties for Kreuter, Glenn admits a monkey was essentially lifted off his back.“Last year I was just so worried about not getting cut and then working to get playing time, that at times I stopped being myself out there,” Glenn said. “This year coach Cruz has told me that he wants me to be more aggressive. And I like that, because the one thing I pride myself most on is my speed.”And if there is one glaring issue that has plagued USC throughout its five-year run of futility, it is base running.Last year, the Trojans not only finished last in the Pac-10 with 34 stolen bases, but their top base-stealer, junior first baseman Ricky Oropesa, only swiped seven bags.As a result, Glenn, who has the speed needed to swipe bags on a consistent basis, is looking to help the Trojans improve their non-existent running game.“It’s all about my work ethic and the mental side of the game,” Glenn said. “I need to just take things one game at a time in terms of handling the failure, and just having fun. I need to just enjoy the game.”Although Glenn will add a level of flexibility to Cruz’s lineup card, a lot of the pressure will still fall on the broad shoulders of some of the team’s more seasoned players: Oropesa (.353, 20 HRs and 67 RBIs), junior outfielder Alex Sherrod (.315, six home runs and 28 RBIs) and senior infielder Joe De Pinto (.286, 72 hits and 23 RBIs).All three should allow Glenn the opportunity to flourish in a supporting, under-the-radar-type role — an identity the 19-year-old plans to embrace with open arms.“It’s going to be a lot like it was when I was playing in high school with guys that were going to be drafted or playing at big schools,” Glenn said. “ The other teams don’t know a lot about, so the pressure isn’t on me to be the guy, I just have to go out there and play hard on a nightly basis.”And although the future isn’t as black and white for the USC outfielder as it was for his former high school teammate, something tells me flying under the radar might be just the thing that once again sparks a breakout year not only for Glenn, but for the Trojans as well.“For The Love Of The Game” runs Wednesdays. To comment on this article, visit dailytrojan.com or e-mail Dave at email@example.com.