1 Foreign and domestic debt servicing accounted for IS21,000 million, spending on immigration IS12,300 million and defence IS10,600 million.

2 Saudi Arabia, for instance, has reduced domestic debt from 97 percent of GDP in 2002 to 41 percent by the end of 2005.

3 The growth of the domestic debt market can be attributed partly to a combination of government initiatives and continued improvement in supply and demand conditions.

4 These linked dangers between external and internal imbalances, domestic debt accumulations and financial fragility were foretold by a number of analysts.

5 Standard Chartered does not currently have a domestic debt underwriting license in China, though Kohli said it is involved in other capacities and is interested in expanding its role.

6 And governments cannot easily use their domestic debt markets to absorb the shocks, because these are shallow and too much government borrowing crowds out private investment.

7 It also needs inflation, to reduce the overhang of domestic debt.

8 The linkage of domestic depositories will facilitate the clearing of cross border trades in debt securities in Asia. It will enlarge the investor base and broaden domestic debt markets.

9 And with China allowing foreign investors more involvement in its larger, rapidly expanding domestic debt market, there's an incentive to show that investors' rights will be properly seen to.

10 The ministry, one of China's biggest borrowers, successfully tapped the domestic debt market Thursday for 20 billion yuan (about $3.1 billion) in short-term funds.

11 Among the debt management policies that helped insulate debt portfolios from external shocks, two are notable: the development of domestic debt markets and the use of cash buffers.

12 Brazil recently doubled a tax on foreign purchases of its domestic debt.