Defenition of the word public debt

• Defenition of the word public debt

  • The total amount of all government securities outstanding.
  • 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 taxation
  • 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 taxation

Hypernyms for the word public debt

• • debt

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