Meaning of public debt in English

Table of contents
  1. Pronunciation
  2. Noun
    1. Definitions

  1. Pronunciation

    US accent

    UK accent

  1. Noun

    public debt

    Definitions

    1. the total of the nation's debts: debts of local and state and national governments

    Examples

    • « an indicator of how much public spending is financed by borrowing instead of taxation »

Famous quotes

  • « Italy has piled up huge public debt because the successive governments were too close to the life of ordinary citizens, too willing to please the requests of everybody, thereby acting against the interests of future generations. »
    Mario Monti

Browse dictionary