OBR warns ‘unsustainable’ public debt set to reach 274% of GDP by late 2030s

Within the Workplace for Funds Accountability’s Fiscal dangers and sustainability report revealed in the present day (12 September), the physique warned that present debt projections are on an “unsustainable path”, with debt predicted to achieve 274% of GDP by the late 2030s.
When “additional shocks and pressures” are taken under consideration, OBR projections have debt eclipsing the 300% threshold, a determine that will require the federal government to “take mitigating coverage motion to stop this debt spiral from occurring”. 
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