Aug 24, 2017 · 1 min read
Sounds logical. However, how to debts operate in an economy where the government operates on surplus only? E.g. Singapore, Qatar etc? In those countries, the center bank strives to maintain a surplus except on those years of financial crisis. (ref: https://www.theonlinecitizen.com/2016/12/21/singapore-had-190b-cash-budget-surplus-between-2005-to-2014/)
