Public debt

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PUBLIC DEBT. That which is due or owing by the government.
     2. The constitution of the United States provides, art. 6, s. 1, that "all debts contracted or engagements entered into, before the adoption of this constitution, shall be as valid against the United States under this constitution, as under the confederation." It has invariably been the policy since the Revolution, to do justice to the creditors of the government. The public debt has sometimes been swelled to a large amount, and at other times it has been reduced to almost nothing.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
In the euro area the government debt to GDP ratio declined from 87.1% at the end of 2017 to 85.1% in 2018, and in the EU28 from 81.7% to 80.0%, according to Eurostat.
It was also not clear whether the SBP has added $1 billion in Saudi loan to the federal government debt which was received in November.
Fitch expected the banks to reduce their government debts and seek to increase lending to the private sector, in order to protect their margins, however, this weakens capital ratios, given that investing in loans means bearing certain risk levels, compared to sovereign debts.
The Debt Management Office commenced registering government debt instruments at the Securities Depository Center via the Tadawul platform in April 2017.
Fahad Al Saif, the president of the Debt Management Office at the Ministry of Finance, said the listing of government debt instruments on Tadawul was a key pillar of the Saudi government's strategy to make the kingdom a global investment powerhouse.
Government debt reduced by e1/4683 million compared to 2016, due to early repayments of debt to the Central Bank of Cyprus amounting to e1/4613m and e1/4288m to the IMF.
For comparison: The country's government debt on Dec.
More than Pound 143 million was saved on government debt management.
At about 67 percent of Gross Domestic Product (GDP) in FY2016, Pakistan's general government debt level is materially higher than that of B3-rated peers (which have a median debt level of about 50 percent of GDP).
The ratio declined even as the nominal government debt rose 4.2 percent to P5.022 trillion from P4.819 trillion in 2015, said Beltran, who is also the Department of Finance's chief economist.
The Latvian government debt may grow to 40 per cent of GDP by the end of this year, Kaspars Abolins, the head of the Treasury, said on the morning news programme of the LNT commercial television on Aug.

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