Originally Posted By: sini

As to actual austerity:
2010-11 690bn
2011-12 690bn
2012-13 670bn

Is 3 years of harsh austerity.


See numbers above.

Example I hope you can understand: If your GDP is $100 in 2010 and $120 in 2015, then your spending in absolute numbers pegged at 30% of GDP would go up from $30 to $36.

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