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THE PUBLIC DEBT Prepared by http://myhomeworkwriter.com/ http://myhomeworkwriter.com/
Introduction • Public debt is the money that a government or a government branch owes other entities at any given time. • It is composed of different categories of debt: internal &external. • Most of the public debts are external debts. http://myhomeworkwriter.com/
Public Debt in Different Economies. • All governments of the world have debts of some sort. • Debts vary from one economy to another. • Highly developed economies raise funds through issuing their own securities. http://myhomeworkwriter.com/
Fairly weak economies cannot issue security. • They ask international organizations like the World Bank for loans. • The weak economies may turn to normal banks for loans. http://myhomeworkwriter.com/
Public Debt in the United States • Refers to all the stupendous arrears that are indebted to the American federal government. • The government allows the country to run over a huge tab. • This helps the country to keep importing from its trade partners. • Thus increases the size of its national debt. http://myhomeworkwriter.com/
Effects of National Debt to the Economy • The citizens and economy benefit. • Slows down the growth of the economy. • Higher taxes upon the citizens. • Minimal possibility of getting loans from foreign countries. • Social security benefits may be shortened. http://myhomeworkwriter.com/
Conclusion • Developed countries are now facing financial and economic consequences of accrued public debt. • Public debt has proved to be a trying aspect for different economies around the globe. • Governments need to introduce public debt management policies. http://myhomeworkwriter.com/
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