The choice we face is whether to reduce the debt burden in the next ten years, before the aging of the population becomes more pronounced, or to wait, but in this case accepting major changes in the support that society will be able to provide to its weakest members. The recent improvement in the public finances is due to the sharp increase in revenue.
In order to maintain the virtuous cycle of economic activity and dispel deflationary sentiment, the risk of a spreading of “the Keynes’ fallacy of composition” should be kept to a minimum.