more aptly: the ability of the state to pay its interest now and in the future.
the state is in a balance to avoid a death spiral of its currency: creating more because it purchases less due to market selloff of the currency.
the main point is that it is highly leveraged and tax collection is merely servicing a small single digit percentage of the capital, and therefore the further sliver from tax avoidance is having even tinier percentage of an effect on how what the budget is and could be. the state also has other revenue sources.
the state is in a balance to avoid a death spiral of its currency: creating more because it purchases less due to market selloff of the currency.
the main point is that it is highly leveraged and tax collection is merely servicing a small single digit percentage of the capital, and therefore the further sliver from tax avoidance is having even tinier percentage of an effect on how what the budget is and could be. the state also has other revenue sources.