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Let's see... The budget deficit could be something like this... starting from a 13% budgeted deficit in 2010:

  • 11% in 2011
  • 9% in 2012
  • 7% in 2013
  • 5% in 2014

That would be cutting the budget to about 40% rather than "by half" as suggested by Labour.

This would still increase the total government debt by 32% of GDP over the 4 years of a Tory administration.

To "cut debt" the Tories would have to come up with a way to expand GDP faster than Labour by at least 32% over 4 years. A tall order.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Sat Dec 12th, 2009 at 03:02:00 PM EST
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cutting the budget deficit to about 40%

Important missing word...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Sat Dec 12th, 2009 at 07:31:42 PM EST
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