Bad effect of public debt

Anonymous

∙ 12y ago

Updated: 8/17/2019

• It may lead to wasteful government spending ..

• It creates inflation

• It is a burden to future generations

• It is the reduction of future consumption and savings

• It dampens incentives to do productive or business ventures

Wiki User

∙ 12y ago

What else can I help you with?

What is the debt collection in Canada and the US?

If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?

What is the real burden of an increase in the public debt?

If the government runs into a deficit whatever the burden is will be passed on to the next generation. Public debt increases when the economy is in bad shape.

Is Public debt or External debt bigger?

The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240,281.19 that over 16 Trillion dollars. The external debt is approximately $15,940,978 that is a lot less than the public debt.

What is the public debt?

The public debt is the debt that the United States government owes to other countries.

How is the debt held by the public different from the total public debt?

The debt held by the public refers to the portion of the total public debt that is held by individuals, corporations, and foreign governments. It represents the amount of money that the government owes to these entities. On the other hand, the total public debt includes both the debt held by the public and the debt held by government accounts, such as the Social Security Trust Fund.

Current trends of public debt in India?

trends of public debt in india

What are the Advantages and disadvantages of public debt?

The biggest disadvantage of public debt is the fear of it leading to excessive inflation. The advantage of public debt is the leveraging of public assets to provide services.

Is having debt good or bad?

To be in debt is usually considered bad.

How is bad debt different from good debt?

Good debt is an investment helps to build credit. Bad debt is the amount that the entity has lost.

Do you credit allowance for bad debt and debit bad debt expense?

you smell

Social effect of tourism?

There are good and bad social effects of tourism. A good effect is that there will be money to spend on public facilities and festivals. A bad effect is that the city may become overcrowded and lead to increased crime.

What is the deficit always than the public debt?

The deficit is always smaller than the public debt.

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