Click LGFA USE OF DEBT PAPER to Print
Introduction
Councils that found themselves with the requirement for significant levels of debt in the 1980s and early 1990’s when interest rates were at historic highs, felt under pressure to minimise borrowings. The legacy of those times has been a factor […]
Click LGFA Q & A to Print
Q Why does a council need debt?
A
Using debt, is an effective way to provide services and infrastructure without the need for dramatic rises in council rates and to effectively spread the repayment of the cost of the assets over the ratepayers who will benefit from […]
Financial Market Conditions
Global financial markets were relatively stable over the past month as emerging market contagion fears subsided.
Fears of a broader emerging markets economic crisis dissipated over the past month after Turkey lifted its benchmark interest rate by 6.25% to 24%. While this move stabilised its currency the long-term prospects for the Turkish economy are […]
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Financial Market Conditions
Global financial markets saw some volatility over the past month primarily driven an emerging economic crisis in Turkey and contagion fears associated with emerging economies.
Early in the month, tension between the US and Turkey saw the US impose higher tariffs on Turkish aluminium and steel imports. These actions placed pressure on the already […]
Financial Market Conditions
Global financial markets were relatively stable over the past month with trade tensions between the US and China remaining the only real point of friction.
Trade tension between the US and China simmered over the past month with reports of different parts of the US economy benefiting and suffering as a result of trade […]
LGFA Financial Market Conditions
Global financial markets were relatively stable over the past month although recent trade tensions between the US and China re-emerged.
In mid-June the US Federal Reserve increased their reserve rate by 0.25% to range between 1.75-2%. The move was widely anticipated, however, markets were surprised by the Fed’s projection that it may need […]
Audit Certificate are now available on the LGFA portal to download.
The certificates are saved as PDF’s and links to these files are located on your portal home page after the Council Deposits section.
If you have any issues or queries, please do not hesitate to contact us via admin@lgfa.com.au.
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LGFA Financial Market Conditions
Global financial markets saw some volatility over the past month due to political instability in Italy and renewed concerns about the state of the European Union.
Recent Italian elections did not produce a clear winner with a complex structure of coalitions and alliances finally forming a government led by a former law professor […]
Financial Market Conditions
Global financial markets were relatively stable over the past month as recent tension between the US and China regarding trade and tariffs simmered.
Over the past month the US and China stopped placing tit-for-tat tariffs on differing industries as both nations came to the realisation that nobody wins in a trade war. Recent tension […]
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