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Debt vs deficit: A quick primer

Debt vs deficit: A quick primer
Published 4 Feb 2013   Follow @SamRoggeveen

Stephen Grenville's latest post talks about debt and deficits, two distinctly different concepts which often get confused or conflated. British PM David Cameron has been a bit naughty in this regard, and in a letter from the head of the UK's statistics authority, he's been sharply rebuked for claiming that his Government is 'paying down Britain's debts'.

Here's a quick primer on the subject from Britain's Centre for Policy Studies:

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