The Government has decided not to go down the austerity path. The amount of net debt as a share of GDP is predicted to peak at around 40% about 2025 when it was only at about 18% in 2017. Rather, the Government has decided to put its foot on the accelerator with the hope that the growth in the economy over a long period of time will help to pay down the debt that has been central to the Government’s response to COVID-19.
We hope you will find the topics interesting and thought provoking.
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