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Typo Adds 10 Bn Euros To Spanish Debt

Thursday, October 3, 2013 - 12:53 PM
From AFP via Yahoo Finance:
A simple typographical error boosted Spain's 2014 public debt forecast by 10 billion euros ($13.6 billion), the government admitted on Thursday.

... It turns out that Spain's public debt in 2014 is expected to be the equivalent of 98.9 percent of total economic output, not the 99.8 percent figure that was originally published.

The error was not due to a problem in mathematical computations, the spokeswoman said. Rather, the person who typed the number just mixed up the last two digits.
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That's one for the "you can't make this stuff up" file. 

Is it very wrong to hope that the US government has made a similar error and we are really doing better than we thought?
5
pearlbrownpearlbrown1,436 posts since
Nov 2, 2010
Rep Points: 6,264
1. Thursday, October 3, 2013 - 1:03 PM
This is a common error when working with numbers. It is a trick played by your mind. It happens regularly for some people and can cause them to loose their jobs. In banking it can be fatal. In most programs it is easy to find. When you don't balance and it is divisable by 9 then you know it was a transposition. 
4
Ally6770Ally6770912 posts since
Jan 16, 2010
Rep Points: 2,655
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