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Where are you getting 2% ? I’m seeing much higher: https://tradingeconomics.com/country-list/interest-payments-percent-of-revenue-wb-data.html https://tradinge

• jeffbee 3y ago
  That's as a fraction of revenue which is distorted due to our fragmented federal system and relatively low national tax rates. Interest as a fraction of GDP is https://fred.stlouisfed.org/series/FYOIGDA188S https://fred.stlouisfed.org/series/FYOIGDA188S If you had gone to the primary source of the data in your link you would have seen the prominent limitation, to wit: "Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance."
  • mdorazio 3y ago
    Ok, but then how can you compare that to other countries to say the US is higher/lower? I haven't been able to find a unified source of raw interest payments by country (not as a % of revenue).