For example, deferred interest payments to the European Financial Stability Facility (EFSF) are scheduled to start from 2022 onwards. As a result, interest payments on a cash basis are expected to rise to 6% of GDP, from 2% of GDP in 2015-2021, given that public debt will then have to be refinanced at market rates after the completion of the programme in 2018.
In August 2013, the Federal Reserve, along with several other agencies, revised a proposal from 2011 to implement section 941. The Federal Reserve is working with the other agencies charged by the Dodd-Frank Act with implementing this rule to complete it in the coming months.