Is debt better than job losses as cost of Covid takes its toll?
RECORD US DEBT
This has seen the United Kingdom, for example, reported to reach the highest level of debt for centuries. The national debt there was £2.3 trillion at the end of February 2022. The United States Treasury too reported the same month that it’s national debt had surpassed £30 trillion for the first time in its history.
In Gibraltar, the Government publishes the cost of the Covid-19 pandemic in quarterly updates automatically informing the public as a matter of course. The latest figures point to a cost to the taxpayer of some £300 million.
This has seen the United Kingdom, for example, reported to reach the highest level of debt for centuries. The national debt there was £2.3 trillion at the end of February 2022. The United States Treasury too reported the same month that it’s national debt had surpassed £30 trillion for the first time in its history.
In Gibraltar, the Government publishes the cost of the Covid-19 pandemic in quarterly updates automatically informing the public as a matter of course. The latest figures point to a cost to the taxpayer of some £300 million.
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16-05-22 PANORAMAdailyGIBRALTAR
