Hacker News new | ask | show | jobs
by growse 1522 days ago
For example, people don't tend to own their own currency. I'm sure you can think of other differences.
1 comments

Does that mean the UK doesn’t have income, outgoings and debts?
It's much too reductive a framing, IMO. Public sector spending is not, majorly, an "outgoing" of "the UK" in any reasonably comparable way to an individual's spend - rather, public sector money generally funds services within the UK which employ individuals who a) pay income taxes directly b) spend their income in other parts of the economy, where VAT/corporation tax/etc feed back to HMRC, and companies profit and grow.

It's really nothing like an "I've spent £5 on a beer and now that fiver is gone forever" outgoing, in scale or effect.