How to cut government debt, with Robin Wigglesworth

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• 00:01

  The year is 2024 and we are still worrying about high government debt.

• 00:06

  And with rubbish growth and interest rates that are falling but still high,

• 00:10

  those worries are not going to go away anytime soon.

• 00:14

  But one country may have a magic formula.

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  Jamaica.

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  It managed to halve its government debt over seven years in the 2010s.

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  That is huge.

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  How did it do it?

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  And can other governments follow this example to crush their debts?

• 00:30

  Foreign this is the Economics Show.

• 00:41

  I'm Samaira Keynes in London and today we are going to ask what lessons we can learn from Jamaica.

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  With me to discuss is Robin Wigglesworth, FT Alphaville editor and Norwegian Jamaica correspondent.

• 00:52

  Hi Samay,

• 00:53

  thanks for having me on to talk about my absolutely favorite country in the world after maybe Norway.

• 00:59

  Robin, you've actually been to Jamaica, haven't you?

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  What is the best thing that you saw when you went?

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  I saw lots of amazing stuff.

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  I saw Bob Marley's house.

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  The weather was amazing, the food was incredible, and I was converted to rum.

• 01:15

  I've never really been crazy about rum,

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