Government debt, also known as national or sovereign debt, is incurred when countries borrow funds to pay for more public services and projects than they raise in taxes.

Explore Government Debt

Each year's deficit is added to the national debt.
What the National Debt Means to You
How Does Fiscal Policy Impact the Budget Deficit?
Facade of a government building, Internal Revenue Service building, Washington DC, USA
What Is Sovereign Debt and What Are Its Unique Features?
United States Senate
How Long Has the U.S. Run Fiscal Deficits?
U.S. Presidents and the Largest Budget Deficits
Global trade transport
Foreign Debt: Definition and Economic Impact
Calculate How Much Cost or Spending Have With Credit Cards
Crowding-Out and Multiplier Effect Theories of Government Stimulus
25% Rule
What Impact Would Deflation Have on the National Debt?
Sovereign Default: Definition, Causes, Consequences, and Example
Stack of multicolored credit cards, close-up view with selective focus
Consumer Debt: Understanding the Pros and Cons
Fiscal Imbalance Definition, Types, Real World Example
Net Borrower
Overlapping Debt
Businessmen Hand to Send Money, Bank Notes, Catch Money, Payment Concepts
Odious Debt
Stock Analysis
U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes
Government Paper
Statutory Debt Limit
U.S. Capitol Building at Dusk
2011 U.S. Debt Ceiling Crisis
Great Britain
Public Sector Net Borrowing
How Countries Deal With Debt
Money mix of foreign currency notes
5 Foreign Countries That Own the Most U.S. Debt
City commuters pass an Evening Standard newspaper billboard announcing 500 banking redundancies at the Canary Wharf headquarters of HSBC, November 2008.
How a Country's Debt Crisis Can Affect Economies Around the World
Ways the United States Can Get Out of Debt

Government Spending & Debt