National Debt Definition

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.

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National Debt is ...
... part of the Economy subject.

Related Terms

budget deficit - More

National Deficit - More

National Debt appears in these other terms

Gross National Debt

National Debt appears in the definitions of these other terms on BusinessDictionary.com

unfunded debt, monetary policy