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

Credit on the belief that there will be more money in the future. Sometimes countries default, then their creditors won’t give them as good terms on future loans. Sometimes the debts are forgiven. For the most part though they are paid.