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public debt

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
public debt
n Chiefly US
1. (Economics) the total financial obligations incurred by all governmental bodies of a nation
2. (Economics) another name for national debt
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.public debt - the total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation
debt - money or goods or services owed by one person to another


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64 billion in 2008, the ministry's figures showed, adding that the public debt (internal and external) stood at JD9.
The US public debt topped 12 trillion dollars for the first time in history, Treasury officials disclosed Tuesday, moving past a key barrier that raised hackles in Congress.
Public debt allowed citizens more control over governmental decision making and institutions were formed to regulate the ability of both the government and private citizens to contract debt.
 
 
 
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