Unlike for household debts,
government debts steadily declined before the recession.
Not exact matches
Most outside economic analyses say the type of tax cuts being promoted by Trump would likely fuel even larger deficits for a federal
government already projected to see its
debt steadily rise.
Until Europe deals with the fundamental cause of its troubles, expect the continent to muddle along, while
government debt levels
steadily rise.
Even assuming, as the Parliamentary Budget Office does, that Ottawa's
debt will
steadily shrink and disappear around 2040, provincial, territorial and local
governments are on track to swell Canada's total public
debt to the equivalent of 100 per cent of GDP by 2070.
Unless the federal
government believes that it is more important to
steadily reduce the
debt ratio (to 20, 15, 10, or zero per cent), rather than dealing with other critical policy issues, then the federal
government will soon have to start running deficits.
Even before Budget 2012, the
debt burden of the
government was forecast to decline
steadily, and program spending as a share of the economy was also forecast to decline
steadily.
This saw yields on Japanese
government debt rise
steadily in March and April to around 1.5 per cent, 30 basis points above their mid-February low.
The
government is confronting the worst fiscal situation in the U.S. with deficits forecast to remain in the 10 per cent range of GDP, and the
debt burden to rise
steadily higher, possibly reaching over 100 per cent within 15 years.
And, in fact, the share of financial aid being given to low - income students like Chris Ogren, who are falling deeper and deeper into
debt, has declined
steadily over the last 10 years,
government statistics show.