Sentences with phrase «gdp on a downward path»
The Senate budget resolution calls for significant deficit reduction that would put debt as a share of GDP on a downward path, but the most likely part of the budget to be acted on would widen deficits even further.
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«But going forward, they're not going to have a lot of extra money in the kitty for new initiatives if they want to keep debt - to - GDP ratio on a downward path,» he said.
The budget's savings, without the economic effects it claims, would stabilize the debt and put it on a slightly downward path, falling from 77 percent of Gross Domestic Product (GDP) in 2017 to 75 percent by 2027.