What happens when a country pays off their national debt?
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National loans are nowadays used more as financial instruments (something you buy and sell) rather than an obligation you’re trying to meet. No country has 0 national debt. The point is simply trying to make sure it doesn’t balloon out of proportion.
And if a country ever happens to completely liquidate their debt, then.. okay. You don’t get a fancy certificate or anything. You’ll soon be borrowing money for your national projects anyway.
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