I think right now this is every country's problem, as the governments are ineffective dinosaurs in terms of innovation. Quite a few local governments (local councils as we call them) here went bankrupt (they finished the allocated money before the end of the financial year).
Governments have an abundance mindset, because they can always take more from us, and borrow more in our name.
But sometimes they cannot. If everyone is poor, they will be poor too.
They don't care. They will consume until all is gone.