What is another word for government debt?

Pronunciation: [ɡˈʌvənmənt dˈɛt] (IPA)

Government debt, also known as public debt, is the amount of money owed by a government to its creditors, such as bondholders and foreign entities. Synonyms for government debt include national debt, sovereign debt, state debt and public borrowing. National debt refers to the total amount of money a country's government owes to its lenders, while sovereign debt refers to the debt owed by a national government. State debt is the debt owed by a specific state within a country, and public borrowing refers to the practice of a government taking out loans to finance its expenditures. Regardless of the terminology used, government debt represents a significant financial burden that can have significant impacts on a country's economy.

Synonyms for Government debt:

What are the hypernyms for Government debt?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Government debt

  • Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.
    Ron Kind
  • The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.
    William Vickrey
  • Over the long term, if government revenues continue to be less than the expenditures (deficit), then the economic health of the country worsens because this will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle.
    Med Jones
  • Over the long term, if government revenues continue to be less than the expenditures (deficit). This will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle.
    Med Jones

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