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DEBT DYNAMIC [1 record]

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Record 1 2015-01-09

English

Subject field(s)
  • National and International Economics
CONT

The deficit was $42 billion, or 5.9 per cent of GDP in 1993-94, the year the government took office. Without fiscal action, the debt dynamic then in place would have pushed the deficit up in subsequent years.

French

Domaine(s)
  • Économie nationale et internationale
CONT

En 1993-94, année où le gouvernement est entré en fonction, le déficit s'élevait à $42 milliards, soit 5.9 pour cent du PIB. Sans initiatives budgétaires, la dynamique de la dette qui était alors à l'œuvre aurait entraîné le déficit vers de nouveaux sommets au cours des années ultérieures.

Spanish

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