This is especially the case as we do not know how long this period is likely to continue, and we must take into account the very real possibility that it will not last forever.
In the current growth phase there are two main channels through which the debt/GDP ratio can be reduced: •  From the aspect of the size of the debt, as the budget deficit is reflected in the size of the debt, it is important that the deficit be low. In 2005 the budget deficit was 1.94 percent of GDP.