Posted Aug 1, 2013, 8:26 PM
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hähnchenbrüstfiletstüc
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Join Date: Nov 2001
Location: Vancouver
Posts: 35,731
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The debt-to-GDP ratio is a better measure than absolute debt since it takes the province's capacity to pay back the debt into account. As an analogy, you can't say if somebody is in over their head on their mortgage unless you know their income.
Debt to GDP is around 35% in NS now but it used to be around 50% in 2000 or so.
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