Governments worldwide make huge debt each year. From whom or what is the money ‘borrowed’ from, and is any of it ever repayed?

Question

Governments worldwide make huge debt each year. From whom or what is the money ‘borrowed’ from, and is any of it ever repayed?

In: 8

Answer 1

The money is borrowed from anyone who buys the debt. If grandma ever gave you a US savings bond, she gave you a small portion of the US debt, which you now own.

It is repaid on a regular basis based on the terms of that debt. If you buy a 10 year no coupon savings bond, they pay you back 10 years from purchase.