| 释义 |
public debt
public debt n 1. (Economics) the total financial obligations incurred by all governmental bodies of a nation 2. (Economics) another name for national debt na′tional debt′
n. the financial obligations of a national government. Also called public debt. [1775–85, Amer.] Thesaurus| Noun | 1. | public debt - the total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxationdebt - money or goods or services owed by one person to another |
EncyclopediaSeenational debtPublic debt
Related to Public debt: national debtPUBLIC DEBT. That which is due or owing by the government.
2. The constitution of the United States provides, art. 6, s. 1, that "all debts contracted or engagements entered into, before the adoption of this constitution, shall be as valid against the United States under this constitution, as under the confederation." It has invariably been the policy since the Revolution, to do justice to the creditors of the government. The public debt has sometimes been swelled to a large amount, and at other times it has been reduced to almost nothing. public debt
Public debtIssues of debt by governments to compensate for a lack of tax revenues.Public DebtThe total of all bonds and other debt owed by a government. Most of the time, the national debt comes from bonds and other debt securities, but some countries in the developing world borrow directly from international institutions (such as the World Bank). The national debt may be internal, that is, owed to bondholders and banks within the country, or external, that is, owed to foreign governments, institutions, and/or individuals. In the United States, paying the interest on the national debt is a major part of the federal budget. See also: Deficit.public debt the NATIONAL DEBT and other miscellaneous debt for which the government is ultimately accountable. Such debt includes, for example, the accumulated debts of nationalized industries and local authorities.public debt
Related to public debt: national debtWords related to public debtnoun the total of the nation's debts: debts of local and state and national governmentsRelated Words |