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Don’t confuse government spending and GDP (like I did at first). This is the government budget, which is a fraction of the whole GDP, since taxes aren’t nearly 100%.
I suspect you’re both right, although it’s closer to 4% of GDP IIRC.
Don’t confuse government spending and GDP (like I did at first). This is the government budget, which is a fraction of the whole GDP, since taxes aren’t nearly 100%.
I suspect you’re both right, although it’s closer to 4% of GDP IIRC.