UptheDeise
Registered User
- Messages
- 272
Ok, here's a few things I would like some answers to.
The government needs to borrow a few billion this year to keep the country a float.
So the Government borrows this money by issuing governments bonds (gilts)?
Who may buy this gilts?
These gilts will have a maturity date with interest paid out each year that they are held?
When the interest is due and the gilts mature where does the government get the money to pay out on these?
The government needs to borrow a few billion this year to keep the country a float.
So the Government borrows this money by issuing governments bonds (gilts)?
Who may buy this gilts?
These gilts will have a maturity date with interest paid out each year that they are held?
When the interest is due and the gilts mature where does the government get the money to pay out on these?