Uploaded May 2026 | Updated September 2026, 2 weeks ago
National debt is the total amount a government owes creditors from past overspending. Funded by selling bonds, it’s a vital tool for investment but becomes risky if interest payments overwhelm the budget. Its significance lies in the debt-to-GDP ratio, balancing fiscal stability against the need for public services and growth.
National debt is the total amount a government owes creditors from past overspending. Funded by selling bonds, it’s a vital tool for investment but becomes risky if interest payments overwhelm the budget. Its significance lies in the debt-to-GDP ratio, balancing fiscal stability against the need for public services and growth.
