Economists are split over how long the government has to rein in the world¡¯s biggest debt burden, a Bloomberg News survey shows, adding to a debate on whether the government should keep ratcheting up the sales tax.
Eleven of 34 analysts said the government has four years or less to put fiscal policy on a sustainable path and avoid a crisis, while seven said it has more than 10 years.
BNP Paribas SA and Credit Suisse Group AG were among five saying it¡¯s too late to avert one. UBS AG says chances of a fiscal crisis are remote.
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