national debt

national debt
Treasury bills, notes, bonds, and other debt obligations that constitute the debt owed by the federal government. Bloomberg Financial Dictionary

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national debt national debt debt

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   The total indebtedness of a government resulting from cumulative net budget deficits. National debt is normally financed by the sale of government securities and debt instruments.

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national debt UK US noun [S] (also national deficit, also US public debt, also US public deficit) ECONOMICS
the total amount that is owed by a country's government because it has spent more than it has taken in taxes, etc.: »

The national debt is now equivalent to the country's annual GDP.

cut/pay down/reduce the national debt »

The Finance Ministry aims to pay down the national debt by selling its stake in the energy industry.


Financial and business terms. 2012.

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