Premium Only Content
What is PUBLIC DEBT?
✪✪✪✪✪
http://www.theaudiopedia.com
✪✪✪✪✪
What is PUBLIC DEBT? What does PUBLIC DEBT mean? PUBLIC DEBT meaning - PUBLIC DEBT definition - PUBLIC DEBT explanation. What is the meaning of PUBLIC DEBT? What is the definition of PUBLIC DEBT? What does PUBLIC DEBT stand for? What is PUBLIC DEBT meaning? What is PUBLIC DEBT definition?
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt.
In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic.
The ability of government to issue debt has been central to state formation and to state building. Public debt has been linked to the rise of democracy, private financial markets, and modern economic growth.
-
2:24
The Audiopedia
6 months agoWhat is AUSTERITY?
74 -
1:23:41
Game On!
23 hours ago $9.53 earnedNetflix NFL Christmas Games Preview and Predictions!
56.6K9 -
2:05:07
Darkhorse Podcast
1 day agoWhy Trump Wants Greenland: The 257th Evolutionary Lens with Bret Weinstein and Heather Heying
289K454 -
8:50:58
Right Side Broadcasting Network
1 day ago🎅 LIVE: Tracking Santa on Christmas Eve 2024 NORAD Santa Tracker 🎅
341K47 -
2:48
Steven Crowder
1 day agoCROWDER CLASSICS: What’s This? | Nightmare Before Kwanzaa (Nightmare Before Christmas Parody)
316K12 -
33:49
Quite Frankly
1 day agoThe Christmas Eve Midnight Telethon
118K22 -
2:12:46
Price of Reason
1 day agoAmber Heard BACKS Blake Lively Lawsuit Against Justin Baldoni! Is Disney CEO Bob Iger in TROUBLE?
69.1K24 -
1:01:17
The StoneZONE with Roger Stone
20 hours agoChristmas Edition: Why the Panama Canal is Part of the America First Agenda | The StoneZONE
139K51 -
18:12:15
LFA TV
1 day agoLFA TV CHRISTMAS EVE REPLAY
150K19 -
13:32
Scammer Payback
21 hours agoChanging the Scammer's Desktop Background to his Location
18.9K4