Taxes and public debt? (country, work, cons, working)

[Simpsin]

The taxes that a country receives are all reinvested in the country or some of them are used for paying the public debt?

[irman]

Originally Posted by Simpsin

The taxes that a country receives are all reinvested in the country or some of them are used for paying the public debt?

Huh only two choices ? How a bout the third one where they are squandered by the politicians ...

[elnina]

Here is the budget and expenditure:
EUROPA - How is the EU budget spent?

[J.Thomas]

Originally Posted by elnina

Here is the budget and expenditure:
EUROPA - How is the EU budget spent?

Looks rather responsible.

But obviously not working.

[lukas1973]

Most taxes are spend for social benefits, so it goes mostly into consumption and not investment. Every country uses a small amount of their tax revenues to pay interests. But they don't use tax revenues to repay debt. But if a country doesn't make deficits, the debt mountain to GDP ratio will shrink very quickly.