PUBLIC DEBT • DICCIONARIO INGLES.COM • Definition of Public debt

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/pˈəblɪk dɛt/ Listen

Public debt

noun

The total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation.

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Etymology of 'Public debt'

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"Public debt" Quotes from Famous Books

... Gulf of Fonseca, and also the Great Corn and Little Corn islands as coaling stations. The consideration for these favors was the sum of three millions of dollars to be expended, with the approval of the Secretary of State of the United States, in paying the public debt of Nicaragua and for other public purposes to be agreed on by the ...

— From Isolation to Leadership, Revised - A Review of American Foreign Policy • John Holladay Latane

... result of this issue was apparently all that the most sanguine could desire: the treasury was at once greatly relieved; a portion of the public debt was paid; creditors were encouraged; credit revived; ordinary expenses were met, and, a considerable part of this paper money having thus been passed from the government into the hands of the people, trade increased and all difficulties seemed to vanish. The ...

— Fiat Money Inflation in France - How It Came, What It Brought, and How It Ended • Andrew Dickson White

... state. A heavy domestic and foreign debt presented importunate creditors at the door of government; the treasury was empty; public credit was utterly prostrated, and every effort of the late government to fund the public debt ...

— Washington and the American Republic, Vol. 3. • Benson J. Lossing

... Public Debt and Property. 2. The Regulation of Trade and Commerce. 3. The raising of Money by any Mode or System of Taxation. 4. The borrowing of Money on the Public Credit. 5. Postal Service. 6. The Census and Statistics. 7. Militia, Military and Naval ...

— The British North America Act, 1867 • Anonymous

... 'true Republicans,' who were thus adding hundreds of millions yearly to the public debt, struck hundreds of thousands out of the lawful income of the clergy of France. They ordered the dispersion by Executive decrees, and 'if necessary by military force,' of all religious orders and communities not 'authorised' ...

— France and the Republic - A Record of Things Seen and Learned in the French Provinces - During the 'Centennial' Year 1889 • William Henry Hurlbert

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