Government’s Debt (Irwin)

Defining the government’s debt and deficit by Timothy Irwin published by IMF (12/2015) indicated by Alvaro Manoel. “Although the budget deficit and the public debt feature prominently in political debate and economic research, there is no agreement about how they should be measured. They can be defined for different sets of public institutions, including the nested sets corresponding to central government, general government, and the public sector…”

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