3 ms·
all you need is gdp growth + inflation to be larger than debt service payment. So, back of the envelope, current debt service is about 1.3% of gdp. We are gro
by vasilipupkin 11y ago
all you need is gdp growth + inflation to be larger than debt service payment. So, back of the envelope, current debt service is about 1.3% of gdp. We are growing at 1.8% and inflation is 2%. So, we are easily going to be able to service our debts at current levels. So, there is no problem
- exclusiv 11y agoExcept spending is included in GDP which I think makes GDP about as useful as BMI calculations.