National Debt, also known as government debt or public debt, is the total amount of money that a country’s government owes to creditors. This debt accumulates when a government spends more than it collects in revenue, often financing the gap by borrowing through the issuance of bonds or taking loans. Creditors can be domestic investors, foreign governments, or international institutions. National debt is typically divided into two categories: internal (owed to lenders within the country) and external (owed to foreign entities).
Hi, I’m Abhi,
I’m a writer who loves to help people solve their problems. I write about small animals like mice and other small animals and even pests.
