Comment on Why is goverment debt not calculated as a % of tax revenues instead of GDP?

BaldManGoomba@lemmy.world ⁨2⁩ ⁨months⁩ ago

Correct me if I am wrong but isn’t this sort of the deficit.

Revenue-expenditures is deficit in the simplest terms I understand

In the guide below they don’t use gdp for national deficit but every thing I see for fiscal deficit has gdp. So I guess one is measure of nations economy versus the government budget. A nation’s economy it makes since to use gdp because that is all the money moved by productions so to show the economy of a nation’s is able to produce more than it indebts itself is important fiscaldata.treasury.gov/…/national-deficit/

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