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What austerity? In Spain’s case, both debt to GDP and tax revenue to GDP ratios has been increasing since a decade ago. That’s the contrary of austerity.
by miguelxt 3y ago
What austerity? In Spain’s case, both debt to GDP and tax revenue to GDP ratios has been increasing since a decade ago. That’s the contrary of austerity.
- ClumsyPilot 3y agotax revenue to GDO? how is that relevant to government cutting spending? I never said they've cut taxes. If economy collapses, state recenues drop, ofcourse debt will grow