3 ms·
Switzerland is the land of gobs of cash and gold. The UK is having difficulty making ends meet for basic infrastructure like the £20 billion in debt for one wat
by Hilift 1y ago
Switzerland is the land of gobs of cash and gold. The UK is having difficulty making ends meet for basic infrastructure like the £20 billion in debt for one water company. UK debt is 96% of GDP (£2.8 trillion, £16.4 billion monthly interest payment). Switzerland debt is 38% of GDP.
- lclc 1y agoThe national debt in Switzerland is so low because of a constitutional rule that limits spending to match revenues since 2003. In practice, this has led to lower debt.