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Initial Conditions Spending in 2009 Total size of stimulus

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COUNTRYGross Public Debt (percent 2008 GDP) Fiscal Balance (percent 2008 GDP) USD amount (bb) Percent 2008 GDP Tax cut share USD amount (bb) Percent 2008 GDP Tax cut share

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Argentina 51.00%1.70%4.41.30%0.00%4.41.30%0.00%

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Australia15.40%0.30%8.50.80%47.90%19.31.80%41.20%

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Brazil40.70%N/A 5.10.30%100.00%8.60.50%100.00%

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Canada 62.30%0.10%23.21.50%40.40%43.62.80%45.40%

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China 15.70%0.40%90.12.10%0.00%204.34.80%0.00%

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France 64.40%-2.90%20.50.70%6.50%20.50.70%6.50%

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Germany62.60%0.90%55.81.50%68.00%130.43.40%68.00%

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India 59.00%-4.20%6.50.50%0.00%6.50.50%0.00%

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Indonesia 30.10%-1.30%6.71.30%79.00%12.52.50%79.00%

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Italy103.70%-2.70%4.70.20%0.00%70.30%0.00%

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Japan 170.40%-3.10%66.11.40%30.00%104.42.20%30.00%

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Korea 27.20%0.90%13.71.40%17.00%26.12.70%17.00%

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Mexico 20.30%0.00%11.41.00%0.00%11.41.00%0.00%

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Russia 6.80%6.20%301.70%100.00%301.70%100.00%

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Saudi Arabia 17.70%11.20%17.63.30%0.00%49.69.40%0.00%

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South Africa 29.90%0.20%41.30%0.00%7.92.60%0.00%

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Spain 38.50%-2.40%18.21.10%36.70%75.34.50%36.70%

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Turkey37.10%-1.50%00.00%N/A 00.00%N/A

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UK 47.20%-4.80%37.91.40%73.00%40.81.50%73.00%

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US 60.80%-3.20%2681.90%44.00%841.25.90%34.80%

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SOURCEBrookings

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DATALINKhttp://www.brookings.edu/articles/2009/03_g20_stimulus_prasad.aspx