The Biggest Central Government Debt, Total ( of GDP)

The Biggest Central Government Debt, Total ( of GDP) Central government debt refers to the total amount of money that a country s central government owes to external creditors and domestic lenders. It is the accumulation of past budget deficits and borrowing by the government. Central government debt can take various forms, including government bonds, treasury bills, loans, and other financial instruments. Governments often borrow money to finance various activities, such as infrastructure projects, social programs, and other public expenditures. Debt issuance allows governments to raise funds quickly, especially during times of economic need or crisis. However, it also comes with the responsibility of repaying the borrowed amount plus interest over a specified period. Key points about central government debt include: 1 Types of Debt Instruments: Governments issue various types of debt instruments, such as l