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national debt |
Also found in: Dictionary/thesaurus, Financial, Hutchinson | 0.09 sec. |
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national debt: see debt, public debt, public, indebtedness of a central government expressed in money terms, often referred to as national debt. The debt is computed differently by nearly every nation. ..... Click the link for more information. . national debtor public debtTotal 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 debt the total outstanding borrowings of a nation's central government How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The CCC asked the leaders to conform to United Nations standards of human rights, to protect the rights of aboriginal people in the Americas, and to cancel national debts. His own association with "billions" came at a time when "millions" had become a bit passe, he notes, and soon "trillions" will be commonly evoked in reports of national debts, distances to nearby stars, and more. ``By the end of your careers, you'll be paying an 82 percent tax rate'' to pay off the national debts, he told them. |
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