national public debt

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Definition of national public debt in English English dictionary
national debt: Any money owed by the government of a nation
national debt: the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)
national debt: public debt, total debt of a nation
national debt: The total financial obligations of a national government. the total amount of money owed by the government of a country. or public debt Total indebtedness of a government, especially as evidenced by securities issued to investors. The national debt grows whenever the government operates a budget deficit that is, when government spending exceeds government revenues in a year. To finance its debt, the government can issue securities such as bonds or treasury bills. The level of national debt varies from country to country, from less than 10% of the gross domestic product (GDP) to more than double it. Public borrowing is thought to have an inflationary effect on the economy and thus is often used during recessions to stimulate consumption, investment, and employment. See also deficit financing; John Maynard Keynes

national public debt

Hyphenation

Na·tion·al pub·lic debt

näşnıl pʌblîk det

/ˈnasʜnəl ˈpəblək ˈdet/ /ˈnæʃnəl ˈpʌblɪk ˈdɛt/

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