public debt

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Public debt

Issues of debt by governments to compensate for a lack of tax revenues.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Public Debt

The total of all bonds and other debt owed by a government. Most of the time, the national debt comes from bonds and other debt securities, but some countries in the developing world borrow directly from international institutions (such as the World Bank). The national debt may be internal, that is, owed to bondholders and banks within the country, or external, that is, owed to foreign governments, institutions, and/or individuals. In the United States, paying the interest on the national debt is a major part of the federal budget. See also: Deficit.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

public debt

the NATIONAL DEBT and other miscellaneous debt for which the government is ultimately accountable. Such debt includes, for example, the accumulated debts of nationalized industries and local authorities.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
In 2017 sovereign debt in advanced economies was averaging 266% of GDP, while that of emerging markets was at 168 percent of GDP.
Most of the banking systems have reduced their global exposure to sovereign debt, especially towards domestic debt securities but less towards those of other Member States.
Chief of the Central Bank of Russia Elvira Nabiullina said earlier that a potential future ban on purchase of Russian sovereign debt securities within the framework of US sanctions may cause certain volatility on the market but the effect will be of short term.
sovereign debt restructuring, the tribunalization of sovereign debt
However, the sharp increase of sovereign debt level in many economies since 2008 has changed the situation.
Since emerging economies tend to be more volatile, sovereign debt crises should become more frequent as more capital flows to the developing world.
Thus, one of the persistent difficulties in the theory of sovereign debt is explaining why sovereigns ever do repay.
But she's a seven-furlong specialist, probably having her final run, and comes into the race on the back of a disqualification - she won the Group 3 Concorde Stakes at Tipperary beating Sovereign Debt, Steip Amach and The Happy Prince, all of which will be in the field again.
Starting from the widening strategy of covering budget expenditures by making loans, sovereign debt is one of the tools which irreversibly influence the internal and external behavioral trajectories of the economic system, thus causing the economic system's response to internal and external changes.
NEW YORK (CyHAN)- The General Assembly today (10 Sept) approved a resolution on sovereign debt restructuring in response to Argentina's "vulture funds" crisis and growing concerns about sovereign debt problems elsewhere.
The NBER hosted a symposium in Washington on October 22, 2014 to present the findings of the "Sovereign Debt and Financial Crises" project, which held a meeting in October 2013 for the policy community.
10 (Petra)- Jordan voted late Tuesday in favor of the UN General Assembly resolution on sovereign debt restructuring to improve the global financial system.