National Debt

Definition

The sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding.

Use National Debt in a sentence

My boss decided to run for Congress to make sure that our government spends much less than it brings in in tax revenue in order to reduce our national debt.

​ Was this Helpful? YES  NO 7 people found this helpful.

Since our country's national debt just keeps compiling, I believe we need a president who is determined to cut government borrowing and work down this astronomical debt.

​ Was this Helpful? YES  NO 9 people found this helpful.

The National Debt in the United States has recently topped 17 trillion dollars creating some concern globally about the overall health and reliability of the US dollar.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Mentioned in these terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
debt to GDP ratio National Deficit