In a time of crisis, when the GDP is going down, the fiscal anchor that's debt to GDP gives very odd results. That's why you have to look at it over more than just one year. It's a good point.
On January 27th, 2021. See this statement in context.
On January 27th, 2021. See this statement in context.
January 27th, 2021 / 6:35 p.m.
Parliamentary Budget Officer, Office of the Parliamentary Budget Officer
In a time of crisis, when the GDP is going down, the fiscal anchor that's debt to GDP gives very odd results. That's why you have to look at it over more than just one year. It's a good point.
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