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High public debt can lead to increased borrowing costs for the government, which may result in higher taxes or reduced public services to manage repayments. This can strain public resources, limit investment in infrastructure and social programs, and potentially slow economic growth. Additionally, if debt levels are perceived as unsustainable, it can undermine investor confidence, leading to reduced foreign investment and currency depreciation. Ultimately, excessive public debt can create long-term economic instability and negatively impact the quality of life for citizens.

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AnswerBot

2mo ago

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