public debt

(redirected from Public Debts)
Also found in: Thesaurus, Legal, Financial.

public debt

n
1. (Economics) the total financial obligations incurred by all governmental bodies of a nation
2. (Economics) another name for national debt

na′tional debt′


n.
the financial obligations of a national government. Also called public debt.
[1775–85, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in classic literature ?
The public debt of the Union would be a further cause of collision between the separate States or confederacies.
As a result, extraordinary public debts incurred in wars of self-defense were paid down promptly.
Salsman makes the case that two types of governments--authoritarian states and democracies--are most profligate in government spending and the accrual of excessive public debts.
It can be increased if used productively, said Nenovski about the statistics the Ministry of Finance has revealed concerning Macedonia's state and public debts.
The greatest increase was in the countries of the Middle East and North Africa (Mena), where public debts increased by 5 per cent.
He said he trusted the IMF statistics that Macedonia's public debts was slightly over 30 percent of GDP and argued that a public debt of 40 percent of GDP should be the red line of the Republic of Macedonia.
The new prime minister of Japan has warned that the country could face a situation similar to Greece if its public debts are not taken care of.
Macedonia and Bosnia-Herzegovina have the lowest public debts in the Balkans, while Serbia and Croatia are the most indebted.
Summary: With a public debt law on its way and global debt averaging 59.