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Economics of the Public Sector pp 285–304Cite as

Public Sector Borrowing

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Abstract

National debt is the amount of money borrowed internally or externally by the government of a country on the behalf of its citizens collectively. The money is lent in different forms and comes from a variety of sources, such as: (a) Internal loans, which are made by individuals, businesses or institutions within the country. (b) External loans, which are advanced by individuals, business or institutions abroad and by foreign governments. (c) International loans, which are external borrowing when the money is lent by international institutions such as the International Monetary Fund (IMF).

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SUGGESTED FURTHER READING

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  • HM Treasury, The Budget (London: HM Treasury, 1993).

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  • International Bank for Reconstruction and Development, Annual Reports.

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  • International Monetary Fund, Annual Reports.

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Author information

Authors and Affiliations

  1. University of Glamorgan, UK

    D. I. Trotman-Dickenson PhD, MSc. (Econ.), B. Com. (Professor Emeritus)

Authors
  1. D. I. Trotman-Dickenson PhD, MSc. (Econ.), B. Com.
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Copyright information

© 1996 D.I. Trotman-Dickenson

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Trotman-Dickenson, D.I. (1996). Public Sector Borrowing. In: Economics of the Public Sector. Palgrave, London. https://doi.org/10.1007/978-1-349-13264-5_14

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