Government debt includes money borrowed at all levels of government to fund operations, programs, and services. It represents claims against future tax revenues and government assets.
Government debt affects fiscal policy, economic stability, and intergenerational equity. It influences interest rates, inflation, and government spending capacity.
Government debt isn't inherently bad—it can fund productive investments that increase economic growth and future tax revenues.
Government debt affects fiscal policy, economic stability, and intergenerational equity. It influences interest rates, inflation, and government spending capacity.
Government debt isn't inherently bad—it can fund productive investments that increase economic growth and future tax revenues.