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Governments can cover their debts through various means such as increasing taxes, cutting public spending, issuing new debt, or stimulating economic growth to boost revenue. However, mounting government debt can lead to higher interest rates, reduced public investment, and diminished economic growth, as more resources are diverted to servicing debt rather than funding essential services. Additionally, excessive debt levels may erode investor confidence, potentially leading to a fiscal crisis or the need for austerity measures. Long-term high debt can also impact a country's credit rating, making future borrowing more expensive.

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