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Экономическая теория

Government Debt

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Frederic P.    
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Medium term debt falls between these two boundaries. Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from supranational institutions. Short term debt is generally considered to be one year or less, long term is more than ten years. Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; either central government, federal government, municipal government or local government. Some consider all government liabilities, including future pension payments and payments for goods and services the government has contracted but not yet paid, as government debt. The annual government deficit, however, refers to the difference between government receipts and spending. Another common division of government debt is by duration until repayment is due. As the government draws its income from much of the population, government debt is an Government Debt indirect debt of the taxpayers. Government debt can be categorized as internal debt, owed to lenders within the country, and external debt, owed to foreign lenders.
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