5 ms·
4% GDP growth year-on-year while a bit on the wishy side is not THAT optimistic of an assumption. On the other hand, 59% in 20 years of moving poverty line is e
by fijal 11y ago
4% GDP growth year-on-year while a bit on the wishy side is not THAT optimistic of an assumption. On the other hand, 59% in 20 years of moving poverty line is essentially just accounting for the inflation. It's true that the budget is not inflation adjusted, but I think 3-4% GDP growth on average is achievable (3 would push the limit quite a few years in the future of course)
- harryh 11y agoYes, but again you're talking about 3-4% nominal GDP growth not real growth (which will be less due to inflation). If you want to pay for something using nominal growth you have to also accept the nominal growth in the cost. So in 20 years you will be able to fund 15,930 per year but that won't be enough anymore because that number will have risen.