Eli5 Can someone explain national debt to me? What is public debt? 799 viewsJanuary 3, 2024 Question90.50K July 15, 2021 0 Comments Is public debt the money the government owes us (the citizens) or ? In: Economics 7 Answers ActiveNewestOldest Anonymous Posted July 15, 2021 0 Comments In an oversimplified sense, your country borrows money from other countries. This is money that need to be paid back later with interest. The interest (and principle) is paid by your government from tax revenue. You are viewing 1 out of 7 answers, click here to view all answers. Register or Login
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