Finance
‘After nearly 30 years of large budget deficits (since 1986) public debt as a proportion of GDP has risen significantly in most OECD countries’. Does the size of the government debt have any serious economic effects?
When discussing the management of public debt and public sector deficits you might want to use data from your own country as illustration and examples for your discussion. You will also need to critically discuss the different schools of thought and the relevant theories concerning public debt and the effects it has on the economy.
