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There are 3 types of debt a government can occur (Export Debt), (Import Debt) and (Social Debt).
Export Debt (money owed to the government from Another Country that isn't paying)
Import Debt (money owed to Another Country by the government)
Social Debt: This is what I am assuming you are referring (the deficit). The deficit is money borrowed on "future" income from collectible taxes and fees from the governments citizens. They borrow against it (like a credit card). Its money owed to themselves. Its not a true debt in the conventional sense. However if left upaid then the government can't honour future benefits to its citizens and the country would collapse (like Greece and Spain).
What else can I help you with?
When did the US first incur the national debt?
The first incur of the national debt was predominantly when the US first began as a country, the expense of the American revolution was somewhat around 75.4 million dollars. Over time, due to expansion and purchase by the nation this caused more debt to accumulate and fluctuate.
What is Germany's debt to US?
The Us debt to Germany is 43.3 Billion Dollars.
What is the US national debt?
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
How do you convert US Dollars into Millions?
21.81
How much is the US national debt?
As of January 31st 2011, total debt of the US economy is 14.13 Trillion US Dollars.
How much is US foreign debt?
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
What is the meaning of usd mn?
Millions of US Dollars
How much debt does the US owe china?
2 trillion dollars
What is national debt in 2015?
It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars.
What should you do if you have a lot of credit card debt then moved from the US to Europe and a credit card company starts to call you?
Pay off the debt. Pay the debts that you owe. Don't you feel responsibility for the debts that you incur?
Does the US have the debt today?
Yep, quite a lot. About 10 trillion dollars
Latest debt of Philippines to world bank?
60 billion US Dollars
