Quoting the total debt never makes much sense - right? Because the actual important figure is % of GDP.
Also, debt where you invest in your country is surely the best possible use - as opposed to spaffing public money to make your friends rich during Covid.
Even that’s conditional. 50% of GDP as debt, as an example, is much more significant in a country where the GDP per capita is 2,000$, compared to 20,000$.
Quoting the total debt never makes much sense - right? Because the actual important figure is % of GDP.
Also, debt where you invest in your country is surely the best possible use - as opposed to spaffing public money to make your friends rich during Covid.
Even that’s conditional. 50% of GDP as debt, as an example, is much more significant in a country where the GDP per capita is 2,000$, compared to 20,000$.