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Also known as public debt, national debt, sovereign debt
total amount of debt owed to lenders by a government/state
AI overview
Government debt is the total amount of money that a government owes to lenders, which it has borrowed to pay for expenses like infrastructure, defense, and social programs. It matters because governments must eventually repay this debt, which can affect how much money they have available for other priorities and may influence economic conditions like interest rates and inflation.
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- Government debt