Government debt
The government is borrowing money which increases the national debt when the public sector has a deficit in the overall budget.
The national debt of a country is the governments debt to lenders. In Sweden, the national debt office (Riksgaldskontoret) manages government borrowing. The government debt can consist of liabilities to individuals and companies in the country and abroad. The national debt is not the same as foreign debt. The national debt, however, can consist of a foreign debt.
Updated
4/25/2013
Share content
Tags
government debt, national debt, macro theory, economics