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If for example your country has high public debt-GDP ratio. What steps would you recommend to lower public debt to manageable level?
The deficit is always smaller than the public debt.
The Canadian public debt, which is also called the "national debt" or the "public debt" in Canada. The cost of the debt is constantly changing. You can find up to date information from a Canadian based website called Debtclock (the website will end in a Canadian domain of .ca)
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Public debt means that your town, state or country is spending more money each year than it is 'earning' (i.e. coming in form taxes). To do this your town, state or country has to borrow money and then pay interest on these borrowings in just the same way you would have to it you borrowed money yourself. If steps are not taken to reduce the overspending and pay back the money borrowed the sum required for interest gets larger and larger leaving less money for your town, state or country to spend on roads, schooling, security etc. It becomes a vicious, unsustainable cycle which eventually means that your town, state or country can no longer pay back the debt or deliver public services - the town, state or country goes bankrupt. At this point your country's currency becomes worthless and hyper inflation sets in and business and commerce stops. Further the people that have loaned you the money for the debt now come in and take charge of your town, state or country and control it ans squeeze it to get their money back no matter how much this hurts the people of your town, state or country. You do not want to go there ! public debt is BAD.
If for example your country has high public debt-GDP ratio. What steps would you recommend to lower public debt to manageable level?
i am not verry sure were they came from but i will answer this again when i figur it out kk :) x
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.
The public debt is the debt that the United States government owes to other countries.
trends of public debt in india
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.
The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hurt them and the country as a whole. On the other hand Hamilton had a plan that depended on a certain amount of the actual public debt itself, so he did not want to get rid of it.
The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hurt them and the country as a whole. On the other hand Hamilton had a plan that depended on a certain amount of the actual public debt itself, so he did not want to get rid of it.
The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hurt them and the country as a whole. On the other hand Hamilton had a plan that depended on a certain amount of the actual public debt itself, so he did not want to get rid of it.
The deficit is always smaller than the public debt.
Ottoman Public Debt Administration was created in 1881.
Figur it out Sherlock!