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The amount of money owed by a country to its lenders is referred to as national or sovereign debt. This debt can be in the form of bonds, loans, or other financial instruments issued by the government. It reflects the total financial obligations of the government to external and domestic creditors and is crucial for understanding a country's fiscal health and economic stability. National debt is often expressed as a percentage of a country's gross domestic product (GDP) to provide context regarding its sustainability.

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2w ago

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