“The study focused on various GDP growth scenarios; second, different sources (publications)report various figures in relation to the used basic national data such as debt to GDP ratio, government deficits, monetary base, for instance. No attempt was made to examine the sensitivity of the results for any possible variation(s) in the figures of the basic data. And, finally, making a serious effort to net out the various components of government assets and liabilities in computing government’s actual net indebtedness was considered beyond the scope of this brief note. Hence the macro aggregate of gross debt, as is usually the case, was taken as the true measure of public debt.”
