government borrowing
State financing needs
Government borrowing is the practice of a national, state, or local government taking on debt to finance spending beyond what tax revenues cover.
Governments borrow by issuing bonds and other securities that investors purchase, essentially lending money to be repaid with interest.
Government borrowing tends to increase during recessions when tax revenues fall.
The accumulated total of government borrowing is the national debt.
- treasury bondsGovernment-issued debt securities
- billAmount owed, written
- noteShort written record
- bondBinding tie or connection
- central banksGovernment monetary policy institutions
money printing · budget deficit · deficit financing · pension funds · infrastructure development · bond markets · promissory notes · insurance companies · economic stimulus · commercial banks · debt ceiling · auction · military spending · municipal bonds · education funding · debt refinancing · war bonds · vault
- public debtnational debt, sovereign debt, federal debt, public debt, treasury notes
- public financepublic debt, budget deficit, tax revenue, budgets, expenditure
- municipal bondsmunicipal bonds, munis, bond issue, bond issues, bond rating
government borrowingbalanced budget
Spending matching revenue
budget surplus · fiscal surplus · budget balance · living within means · fiscal responsibility
government borrowingdebt repayment
Satisfying financial obligations
paying down debt · debt reduction · deleveraging · deficit reduction · debt forgiveness
government borrowingtaxation
Compulsory government revenue collection
tax revenue · asset sales · revenue collection · pay-as-you-go · government revenue
government, governments, governmental, governmentally, govern, governs, governed, governing, governor