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No Stupid Questions@lemmy.worldEnglish · 4 months ago

Why is goverment debt not calculated as a % of tax revenues instead of GDP?

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Why is goverment debt not calculated as a % of tax revenues instead of GDP?

fididosooe@lemmy.ca to

No Stupid Questions@lemmy.worldEnglish · 4 months ago

You can’t use your GDP to pay off debts. Wouldn’t it be better if we used how much % of a goverments budget goes towards servicing debts?

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HappycamperNZ@lemmy.world
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4 months ago
You’re being downvoted because people only think in the context of their own experiences - hasn’t happened to them so it either isn’t that bad or didn’t actually happen.

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