You can’t use your GDP to pay off debts. Wouldn’t it be better if we used how much % of a goverments budget goes towards servicing debts?

  • yesman@lemmy.world
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    3 months ago

    It’s a better way to compare countries apples to apples. Two countries with similar economies may have drastic different tax policy.

    Measuring it as you suggest is absolutely done and is helpful to research policy inside a country, but between countries, it’d be a poor metric.