canada's debt to gdp ratio is around 66 %.
canada's debt to gdp ratio is around 66 %.
what is canada's debt to gdp ratio?
around 66 %
Na
Na
bullet::::- bb = 60% + 0.95*(b-60%)/3 + 0.95*(b-60%)/3 + 0.95*(b-60%)/3. the bb-value is the calculated benchmark limit for year "t", and the formula feature three t-year-indexes for backwards-checking. when checking forwards, the same formula is applied, just with all the t-year-indexes being pushed two years forward: bb = 60% + 0.95*(b-60%)/3 + 0.95*(b-60%)/3 + 0.95*(b-60%)/3. the year referred to as "t" in the listed backward-looking and forward-looking formula, is always the latest fiscal year with available recorded data. for example, a backward-check conducted in 2014 will always check whether the recorded 2013 debt-to-gdp ratio respected the 2013 debt reduction benchmark calculated on basis of recorded debt-to-gdp ratio data from 2010+2011+2012, while the forward-looking check will be all about whether the forecast 2015-data will respect the 2015 debt reduction benchmark calculated on basis of debt-to-gdp ratio data for 2012+2013+2014. it shall be noted, that whenever a "b" input-value (debt-to-gdp ratio) is recorded/forecast below 60%, its data-input shall be replaced by a fictive 60% value in the formula. beside of the backward-looking and forward-looking debt-brake compliance check, a third cyclically adjusted backward-looking debt-brake check (same backward-looking formula applied, but now checking if the "cyclically adjusted debt-to-gdp ratio" respects the calculated benchmark-limit), also form part of the assessment whether or not the state is in abeyance with the debt-criterion.
european fiscal compact