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There's nothing particularly special about the debt being larger than GDP. GDP is not income and debt is paid over time. For context, China has a Government De
by jjk166 6mo ago
There's nothing particularly special about the debt being larger than GDP. GDP is not income and debt is paid over time. For context, China has a Government Debt to GDP ratio of 96%, the UK is at 94%, France at 116%, Japan is at 263%.
- extraduder_ire 6mo agoIt is a popular benchmark for military spending though. Debt to tax revenue would make more sense as a metric.
- verzali 6mo agoThe direction of travel is concerning, though.