The Tories in Canada recently announced that they wanted the country (ie the government finances) to be debt free by 2021. This isn’t quite what it might seem:
It turns out that the measure of debt they’re talking about is "net
debt", which counts pension assets, but which doesn’t count pension
liabilities. I don’t know about you, but when a government starts
paying attention to a debt measure that ignores pension obligations, I
get nervous.
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