Definitions for "Public debt"
Keywords:  curse
a public curse
Keywords:  blessing
a public blessing
Issues of debt by governments to compensate for a lack of tax revenues.
Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
Fixed income securities issued by the State: Treasury Bills, treasury bonds and debentures.
Marketable fixed-income securities issued by a sovereign state.