Debt to GDP is bullshit, it has nothing to do with actual financial responsibilities, it is just indicates a capacity to borrow. Donald Trump would be proud of you.
and yet... somehow... you managed a dozen or so sleight-of-hand posts trying to flog your sky-is-falling GROSS DEBT-to-GDP bullshyte. Again:
here, let the waldo help you: net debt has financial assets removed, cause... wait for it, wait for it... should the need arise, financial assets could be used to pay back debt.
=> GovtOfCanada financial assets are principally composed of:
- taxes receivable (29%),
- investment in enterprise Crown corporations (26%),
- foreign exchange accounts (26%), and
- cash and/or cash equivalents (10%).
as stated: Canada has the lowest net debt-to-GDP of G7 nations
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