Debt-to-GDP ratio and Generally accepted accounting principles: Difference between pages

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''Public sector finances.''
(GAAP).  


The ratio between government debt and its gross domestic product (GDP).
The common set of accounting principles, standards and procedures.  


They are a combination of published authoritative standards (set by policy boards such as the FASB in the US and the FRC in the UK) and the accepted ways of doing accounting.


This ratio is used investors, leaders, and economists to gauge a country's ability to pay off its debt.


A high ratio means a country is not producing or earning enough to service its debt. A low ratio means there is plenty of economic activity to generate the value to meet the commitments.
Sometimes also known as Generally Accepted Accounting Practice.




<span style="color:#4B0082">'''''Ongoing deficits in the UK'''''</span>
== See also ==
 
* [[Accounting Council]]
: "The net effect of the coronavirus impact and the policy response is likely to be a sharp (but largely temporary) increase in [UK] government borrowing that will leave public sector net debt permanently higher as a share of GDP... 
* [[Accounting standards]]
 
* [[FASB]]
:Before the impact of the coronavirus became clear, the government was content to run an ongoing deficit that would broadly stabilise the debt-to-GDP ratio over the medium term rather than reduce it – a judgement that it will no doubt re-visit in the wake of the current crisis."
* [[Financial statements]]
 
* [[International Accounting Standards Board]]
:''The UK OBR’s coronavirus analysis, 14 April 2020''
* [[Pension cost]]
 
* [[Pensions Research Accountants Group]]
 
* [[US GAAP]]
==See also==
* [[FRC]]
* [[COVID-19]]
* [[Debt]]
* [[Deficit]]
* [[Gross domestic product]]
* [[Office for Budget Responsibility]] (OBR)
* [[Public sector]]
* [[Ratio]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 15:38, 17 January 2016

(GAAP).

The common set of accounting principles, standards and procedures.

They are a combination of published authoritative standards (set by policy boards such as the FASB in the US and the FRC in the UK) and the accepted ways of doing accounting.


Sometimes also known as Generally Accepted Accounting Practice.


See also