“Look, Japan’s national debt is 250% of GDP. Do any of the Japanese say it’s a disaster? But hardly. In the USA – 130% of GDP. Is it a disaster? No. It is not about whether it is a disaster or not, what it should be and so on. It is about the cost of servicing the debt. When we talk about the cost of its maintenance, this is the defining thing”, — write on: ua.news
Look, Japan’s national debt is 250% of GDP.
Do any of the Japanese say it’s a disaster? But hardly. In the USA – 130% of GDP. Is it a disaster? No.
It is not about whether it is a disaster or not, what it should be and so on. It is about the cost of servicing the debt.
When we talk about the cost of its maintenance, this is a defining thing that should be paid attention to and analyzed. We had 60% before the full-scale invasion began. What grew later grew under very favorable conditions for Ukraine. That is, there are very low rates and generally good conditions.
So I don’t see it as a problem. And this is not a catastrophe for today.
We have a war, we are fighting, this is the key problem. Debt burden is the only way today to meet defense needs.
You either live or you don’t, that’s it.
Oleg Pendzyn