Public debt: Difference between revisions
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==Definition== | ==Definition== | ||
The OECD definition of public debt as "the external obligations of the government and public sector "<ref>[http://stats.oecd.org/glossary/detail.asp?ID=2193. ''Public Debt'', OECD Glossary of Statistical Terms]</ref> is in general use, but national definitions differ in detail, and produce figures that may not be comparable. | |||
==Overview== | ==Overview== | ||
Revision as of 01:22, 27 March 2009
A country's national debt - also known as its public debt - is a matter of economic and political significance. It has often been the subject of controversy, and some have considered it to have moral significance.
Definition
The OECD definition of public debt as "the external obligations of the government and public sector "[1] is in general use, but national definitions differ in detail, and produce figures that may not be comparable.