internal debt

Service on the internal debt uses up 10 percent of the budget.

"For the internal debt, you can do neither of those things.

Within the country, an even larger internal debt fueled inflation.

In the meantime, how best to deal with the internal debt remains a subject of bitter debate here.

And high interest rates are swelling the internal debt.

Internal debt siphons no money out of the economy.

"I was not aware, for one thing, of how fast the structure of the internal debt had changed," he said.

Internal debt would rise, because the bonds represent loans from the trust funds to the Treasury.

"The Government is having trouble rolling over its internal debt; savings are being withdrawn, and there's a surge of sales."

The situation was worsened by irregular internal debt payments.

The high external debt and internal debt have inhibited growth.

The strategy calls for raising taxes, reducing interest payments on the internal debt and slashing Government spending.

In addition, the Government says it plans to devote another 18 percent of national production to payment of principal on the internal debt.

To meet payrolls, to keep state companies afloat and to finance the internal debt, the Government prints more money each month.

Since much of Brazil's internal debt is linked to the exchange rate, domestic obligations have soared accordingly.

"internal debts have nothing to do with international debts.

Problems exist with inflation, internal debt, and a huge military budget, competing with popular demands for government services.

Analysts calculate that Brazil's internal debt has increased 50 percent this year, to about $120 billion, roughly a third of the country's gross domestic product.

Other agreements signed at the March 13 meeting included pension provision, joint tax policy, and the servicing of the internal debt.

By running down external debt and running up internal debt, the President leaves more money in private capital markets.

"Chávez's threat to the banks may reflect increasing resistance in the sector to rolling over internal debt."

During the latter's government, he fought rampant corruption and above all an internal debt through his famous letters against the government.

Much of the savings in spending has come from a yearlong suspension of most service payments on the foreign and internal debt.

In dollar terms, Mexico's internal debt has risen dramatically, to more than $50 billion, compared with less than $23 billion just two years ago.

The amount of credits granted by the State Bank will be taken into account when dividing the internal debt between sovereign states."