imported>Doug Williamson |
imported>Doug Williamson |
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| ''Public sector finances.''
| | Service Level Agreement. |
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| The ratio between government debt and its gross domestic product (GDP).
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| | == See also == |
| | * [[QA]] |
| | * [[Service level agreement]] |
| | * [[SLA partner banking]] |
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| This ratio is used investors, leaders, and economists to gauge a country's ability to pay off its debt.
| | [[Category:Compliance_and_audit]] |
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| 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.
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| <span style="color:#4B0082">'''''Ongoing deficits in the UK'''''</span>
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| : "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...
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| :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."
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| :''The UK OBR’s coronavirus analysis, 14 April 2020''
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| ==See also==
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| * [[COVID-19]]
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| * [[Debt]]
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| * [[Deficit]]
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| * [[Gross domestic product]]
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| * [[Office for Budget Responsibility]] (OBR)
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| * [[Public sector]]
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| * [[Ratio]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]] | |
