Question
Construct a table summarising how each of the three components of the equation contributed to changes in the debt ratio during the COVID-19 pandemic as
Construct a table summarising how each of the three components of the equation contributed to changes in the debt ratio during the COVID-19 pandemic as well as their expected contributions in the years ahead. (iii) Comment briefly on how each of these drivers have contributed to changes in the debt ratio during the pandemic and in the years ahead
| Year | Snowball effect | Primary budget balance | stock flow adjustment | change in debt ratio |
| 2020 | 11.327898 | -7.3 | -2.3 | 16.32789784 |
| 2021 | -9.379447 | -1.6 | 4.7 | -3.07944656 |
| 2022 | -3.613866 | 1.6 | -3.6 | -8.81386562 |
| 2023 | 3.0048174 | 3.6 | 1.8 | 1.204817445 |
| 2024 | 2.9177442 | 4.9 | 4.6 | 2.617744198 |
| 2025 | 3.036546 | 5.5 | 3.5 | 1.036545997 |
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
