Noun
government debt (countable and uncountable, plural government debts)
Synonym of national debt
Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it. Eugene Fama
Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation. Ron Kind
The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt. William Vickrey
After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn't honor their promises to the people. Edward C. Prescott
Accordingly, the Government debt too is to fall from 75% of GDP in 2017 to 65% by 2020. Source: Internet
Government finance further Government debt as a % of the national economy, compared to eurozone average. Source: Internet