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

They sell their debt. In the case of the USA, we sell treasury bills which is like loaning money to the government. It is always paid back.