Having low to moderate levels of public debt is important, because debt levels that reach 80-90% of GDP become a serious drag on economic growth. They immobilize fiscal policy, lead to serious distortions in the financial system, trigger political fights over taxation, and incite costly distributional conflicts.
Que la deuda pública sea baja o reducida es importante, porque cuando alcanza un 80 o 90% del PIB, se convierte en un lastre para el crecimiento económico, que paraliza la política fiscal, produce serias distorsiones en el sistema financiero, genera disputas en torno a la política impositiva y suscita costosas pujas distributivas.