The Canadian Experience in Reducing Budget Deficits and Debt
نویسنده
چکیده
Our general pattern of deficits and debt has much in common with that of many other Organization for Economic Cooperation and Development (OECD) countries, including the United States—that is, a very high ratio of debt to GDP coming out of the Second World War, followed by a rapid decline of the debt ratio as the military was demobilized, as economic growth took off, and as the effective interest rate on government debt remained low.
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