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).
This is a preview of subscription content, log in via an institution.
Preview
Unable to display preview. Download preview PDF.
SUGGESTED FURTHER READING
J. Alexander and S. Toland, 'Measuring the Public Sector Borrowing Requirement', Economic Trends (London: HMSO, August 1980).
A.S. Courakis (ed.), Private Behaviour and Government Policy in Interdependent Economies (Oxford: Clarendon Press, 1991).
HM Treasury, 'The Public Sector Borrowing Requirement', Economic Briefing, no. 6 (1994).
HM Treasury, The Budget (London: HM Treasury, 1993).
International Bank for Reconstruction and Development, Annual Reports.
International Monetary Fund, Annual Reports.
P.M. Jackson (ed.), Current Issues in Public Sector Economics (London: Macmillan, 1992).
R. Musgrave and P. Musgrave, Public Finance in Theory and Practice (New York: McGraw-Hill, 1989).
C.T. Sandford, The Economics of Public Finance (Oxford: Pergamon Press, 1992).
Author information
Authors and Affiliations
Copyright information
© 1996 D.I. Trotman-Dickenson
About this chapter
Cite this chapter
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
Download citation
DOI: https://doi.org/10.1007/978-1-349-13264-5_14
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-59669-2
Online ISBN: 978-1-349-13264-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)