Government debt, also known as national or sovereign debt, is incurred when countries borrow fun𒆙ds to pay for more public services and projects than they raise in taxes.

United States Treasury Department Building in Washington, DC.
5 Ways Governments Reduce National Debt
Curved skyscraper against blue sky
The Twin Deficits of the U.S.
Top view on a student with bunch of overdue bills
What the National Debt Means to You
How Does Fiscal Policy Impact the Budget Deficit?
Facade of a government building, Internal Revenue Service building, Washington DC, USA
Sovereign Debt: Overview and Features
U.S. Capitol Building in Washington, D.C.
How Long Has the U.S. Run Fiscal Deficits?
Capitol Hill
U.S. Presidents With the Largest Budget Deficits
Global trade transport
Foreign Debt: Definition and Economic Impact
Calculate How Much Cost or Spending Have With Credit Cards
Cro💫🌱wding-Out and Multiplier Effect Theories of Government Stimulus
25% Rule: What it Means, How it Works, Rules
What Impact Would Deflation Hav🦂e on the National Debt?
Government officials in a press conference explaining policies to manage country's debt.
Sover🌱eign Default: Definition, Causes, Consequences, and Example
Stack of multicolored credit cards, close-up view with selective focus
Consumer Debt: Understanding the Pros and Cons
Fiscal Imbalance: Definition, Types, and Example
Net Borrower: What it Meꦿans, How it Works, Problems
Overlapping Debt: What It is, How I🤡t Works, Economic Implications
Businessmen Hand to Send Money, Bank Notes, Catch Money, Payment Concepts
♛Odious Debt: What it Means, How it Works, Examples
Debt Ceiling
U.S. Debt Ceilꦫing: Defi🔯nition, History, Pros, Cons, and Clashes
Government Paper
close up shot of the open drawer of a cash till, full of American dollars, with a person putting a $1 bill in.
Statutory Debt Limit: What It is, How It Works
U.S. Capitol building at dusk
ꦑ2011 U.S. Debt Ceiling Crisis: Meaning and Outcome
Great Britain
Public Sector Net Borrowing: 🧸What it Means, How it Works
Each year's deficit is added to the national debt.
How Countries Deal With Debt
Money mix of foreign currency notes
5 Foreign Countries That Own the Most U.S. Debt
City commuters pass an Evening Standard newspaper billboard announcing 500 banking redundancies at the Canary Wharf headquarters of HSBC, November 2008.
How a Country's Debt Crisis Can Affect Economies Around the World
Ways the United States Can Get Out of Debt

Government Spending & Debt