Noun
(countable, finance) A debt that a country, an organization in a country, or a resident individual in a country owes to those in other countries.
(uncountable, economics) An aggregate amount of such debts.
Source: en.wiktionary.orgNew Zealand as a whole needs to save more, spend less and reduce our reliance on foreign debt. John Key
Foreign debt is close to $60 billion and there are widespread shortages of essential goods, including fuel, bread and medicine. Source: Internet