yes state can borrow money from union and even outside the country
Governments raise most their funds through taxes and other revenue, and occasionally tax revenue is not enough for pay for the government taxes so as a result the government must borrow money by issuing bonds. A bond is a certificate stating that the government has borrowed a certain sum of money from the owner.
Governments issue bonds to raise money for projects and expenses, such as infrastructure development or funding government operations. Bonds allow governments to borrow money from investors and pay them back with interest over a specified period of time.
The UK government in common with many first-world governments issue "gilt bonds" into the financial markets which return a fixed guaranteed interest.from the federal reserve.
2
BORROW MONEY
Concurrent powers
to be smarter
People of common traits with the ability to govern
concurrent powers
State, county, and local governments also borrow money by selling municipal bonds (frequently referred to as "munis").
they dont have any
Borrow money and levy taxes
b. bond
-enforce laws -establish courts -borrow money -secure the population -build an infrastructure -collect taxes -make laws
State governments cannot declare war or issue their own money.
The type of instrument the State can use to borrow money is through Goverment Bonds.
Borrow money and levy taxes