Payment of the Public Debt The payment of the public debt improves the national credit by instilling public confidence in the economy, which usually leads to economic growth. Public debts may be paid by asinking fundor by annuities, but both have the disadvantage of committing the government to...
Related to National government:local government national unity government n (Government, Politics & Diplomacy) a government formed by a coalition of parties, esp in time of national emergency Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 199...
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Noun1.debt ceiling- the maximum borrowing power of a governmental entity debt limit debt- money or goods or services owed by one person to another national debt ceiling- a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress ...
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