NOUN
- 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
How To Use public debt In A Sentence
- In 2010 it will have to replace some $65 billion in public debt, and fear of default has driven up the interest rate on new Greek government debt to 6 percent.
- Money lent to dictators and snaffled away into offshore accounts gets racked on to the public debt to be paid by future generations. Debt crisis: A default in Europe could benefit poor countries | Jonathan Glennie
- The Economic Affairs Minister said that public investment in water conservancy is necessary, even if it means increasing public debt.
- The public debt/GDP ratio tells you whether the government has historically tried to violate a transversality condition. From Musgrave to Shaviro, Arnold Kling | EconLog | Library of Economics and Liberty
- In "China's Water Pistol," Paul Krugman turned commentary on China into a general attack on those who remain wary of the United States' large public debt.
- Immediately on the endowment of a Majorat, and on the production of letters-patent, the titulary will be entered in the great-book of the public debt, for an unalienable revenue, according to the amount of his majorat. Memoirs To Illustrate The History Of My Time Volume 1
- On the fiscal policy, the board suggests that the government should manage public debt more efficiently and accelerate fiscal decentralization into local areas as much as possible.
- High military expenditure will fuel inflation, reduce international competitiveness, and balance of payments crises will occur as public debt increases.
- To remonetize silver upon the old standard, and make it a legal tender for all private and public debts, will be considered by the whole civilized world as an act of repudiation on the part of the federal government, and cast a stain upon our national credit, which has hitherto stood as high and bright as that of any government in the world. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography.
- First, the medium-term vulnerabilities and constraints to robust growth discussed last week (see "Ten Risks To Global Growth"); second, the risk of a double-dip, W-shaped recession, as the wings of a tentative recovery of growth in 2010 could be clipped toward the end of that year or in 2011 by a perfect storm of rising oil prices, rising taxes and rising nominal and real interest rates on the public debt of many advanced economies. Doomsayers--Or Realists?
