Definition
Government debt is money owed by the government from borrowing.
Why It Matters
High debt can affect taxes and future spending.
Example
Issuing government bonds to finance spending.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Government debt is money owed by the government from borrowing.
High debt can affect taxes and future spending.
Issuing government bonds to finance spending.