Mathematically, I agree with you in terms of the relationship between deficit-to-GDP and debt-to-GDP ratios. However, I'm not in a position to tell you why the government decided to change the anchors.
November 24th, 2025 / 12:05 p.m.
Interim Parliamentary Budget Officer, Office of the Parliamentary Budget Officer
Mathematically, I agree with you in terms of the relationship between deficit-to-GDP and debt-to-GDP ratios. However, I'm not in a position to tell you why the government decided to change the anchors.
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