Fiscal Sustainability Across Government Tiers



XREAP2007-14


Figure 2. United States, 1963-2000: fiscal series for government tiers.

(a) surplus to GDP ratio                                 (a) debt to GDP ratio

Figure 3. United States, 1963-200: histogram of fiscal data.


general government.....federal level ∙ regional level



(b) debt ratio (% of state GDP)



mean                  0.05%

maximum              4.99%

minimum               -6.54%

standard deviation          1.10%

skewness                  -0.14

kurtosis                      5.60

mean

14.22%

maximum

36.80%

minimum

3.34%

standard deviation

5%

skewness

0.68

kurtosis

3.75

25




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