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Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; either central government, federal government, municipal government or local government. By contrast, annual government deficit refers to the difference between government receipts and spending in a single year. As the government draws its income from much of the population, government debt is an indirect debt of the taxpayers. Government debt can be categorized as internal debt, owed to lenders within the country, and external debt, owed to foreign lenders. Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from supranational institutions. A broader definition of government debt considers all government liabilities, including future pension payments and payments for goods and services the government has contracted but not yet paid. Another common division of government debt is by duration until repayment is due. Short term debt is generally considered to be one year or less, long term is more than ten years. Medium term debt falls between these two boundaries. From Wikipedia under the
GNU Free Documentation License Can someone explain the difference between government deficit and government debt? Q. Can someone explain the difference between government deficit and government debt? Asked by clarence9000 - Thu Apr 10 22:28:36 2008 - - 2 Answers - 0 Comments A. government debt are bonds and treasuries, central banks or private individuals domestic or foreign lend money to the government at an interest, either short term- treasuries or long term- bonds. Budget deficit means the government is spending more than is taking in in taxes, so it then borrows by issuing bonds and treasuries to cover this deficit, so debt accumulates and deficits change. Deficit means you're negative on the balance sheet, be it trade, current account or budget deficits and debt means you owe money. Answered by Maribel H - Fri Apr 11 02:32:13 2008 What if the Government eliminated all Debt? Would this fix the economy? Q. Lets say the U.S. Government declared that as of February 1st.. all businesses and individuals are completely FREE of their prior debts. This means any debt you get into after Feb. 1 you have to pay back. BUT you would be freed from all the debt you got into before Feb. 1. This would mean every person and business would get a clean slate and not own ANYONE money. What impact would this have on the economy? Please be as detailed as you like. Asked by Mr. Trump - Fri Jan 23 09:34:12 2009 - - 7 Answers - 0 Comments Is government debt defined as accumulated deficits minus accumulated surpluses?
Q. Is government debt defined as accumulated deficits minus accumulated surpluses? Asked by becaboo - Sat Feb 2 20:49:20 2008 - - 1 Answers - 0 Comments A. NO.government debt is not generally defined as accumulated deficits minus accumulated surpluses but govt. debts does get created when govts. run budget deficits and such debt may be repaid out of surplus budgets, Since all surpluses from the budget may not be used to repay debt, there could be some approximation if we define govt. debt as accumulated deficits minus accumulated surpluses of the govt. budgets over successive years. one definition of gOVT. debt is as follows: Aggregate value of bonds and other debt securities issued by a government (or one or more of its authorized agencies) backed by its full faith and credit. Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; [cont.] Answered by sensekonomikx - Sun Feb 3 04:08:44 2008 From Yahoo Answer Search: "Government debt"  theglobeandmail.com Tue, 13 Jul 2010 13:53:29 GMT+00:00 bonds get a GDP weighting Globe and Mail Rather than weighting by market capitalization, PIMCO has decided to weight government debt according to each country's GDP. The new structure makes sense. ... PIMCO launches GDP-weighted sovereign debt indexes Reuters PIMCO launches GDP-weighted sovereign debt indexes Reuters Pimco hot on emerging markets bonds Fortune (blog)  reuters.com Wed, 14 Jul 2010 00:08:26 GMT+00:00 -Nikkei Reuters The government has set a cap of around 71 trillion yen ($800 billion) on policy-related spending and payouts to local governments but excluding debt ...  businessweek.com Tue, 13 Jul 2010 08:53:12 GMT+00:00 BusinessWeek Falling yields on government debt helped boost demand for the bonds, with investors resuming risk-taking amid low interest rates, said Yasuhiro Matsumoto, ... From Google News Search: "Government debt"  moslereconomics.com 393px x 576px | 58.00kB [source page] Still moving higher From Yahoo Image Search: "Government debt"  ensaiosimperfeitos.blogspot.com Antonio Geraldo Dias hu, 08 Jul 2010 15:24:00 GM Stasavage's second objection is that the "monied men" who invested primarily in . government debt. never dominated the Parliament numerically. He cites recent work by David Hayton showing that between 1690 and 1710 there were never more ...  zombaphobesunite.blogspot.com DonnyDarkoh hu, 08 Jul 2010 16:38:00 GM Renounce all debt created by bankers out of nothing, or due to compound interest. This is probably 50-80% of all . government debt. . 2. Or accept the unbearable burden and be willing accomplices in our enslavement and destruction. ...  politico.com Andy Barr ue, 06 Jul 2010 13:20:27 GM The federal . government's debt. is the top concern of tea party activists, according to a new Gallup survey. Sixty-one percent of the 697 self-identified tea party supporters surveyed identified the federal debt as one of the extremely ... From Google Blog Search: "Government debt" |
