Читать книгу Northern Light: Lessons for America from Canada's Fiscal Fix - Robert P. Murphy - Страница 18

The Canadian experience shows that a quick move to budget surpluses, coupled with economic growth, can sharply reduce debt as a share of GDP. Fortunately, if the United States matched the Canadian example on spending, then the budget deficit would disappear in less than a decade, under both scenarios of revenue growth put out by the CBO.

If revenue grew according to the CBO baseline forecast, and if total US government spending followed the Canadian example, then over the first 10 years of reform, the debt/GDP ratio would fall from about three-quarters in FY 2012 to just a third by FY 2022.