For starters, when it comes to public debt, there is a big difference between the gross and net figures. While Japan’s gross public debt, for example, is a massive 246% of GDP, the net figure, accounting for intra-government debts, is 127% of GDP.
首先，对于公共债务，总值和净值区别很大。比如，日本的总公共债务达到了GDP的246%，但代表政府内债务的净债务为GDP的127%。