GIRICHEVA EKATERINA, 1WE3

National Debt

The Academy of Budget and Treasury of the Ministry of Finance of the Russian

Federation

Contents

DefinitionHistoryClassificationsWorld indicesConclusion

The Academy of Budget and Treasury, Giricheva 1WE3

Definition

“National Debt - the total amount of money that is owed by a country's government”

(Definition from the Cambridge Advanced Learner's Dictionary)

The Academy of Budget and Treasury, Giricheva 1WE3

Levels of government

The Academy of Budget and Treasury, Giricheva 1WE3

Local

Municipal

Federal

Central

Budget Deficit

Spending Income

The Academy of Budget and Treasury, Giricheva 1WE3

>

History

The Academy of Budget and Treasury, Giricheva 1WE3

the Bank of England Act 1694, the first National Debt: £ 1.2 million at 8%

Classifications

Public Debt

Internal

External

The Academy of Budget and Treasury, Giricheva 1WE3

Duration

Short term

Medium term

Long term

The Academy of Budget and Treasury, Giricheva 1WE3

World Indices

Russia - $151.3 billion (6.8% GPD)

Japan - $7.47 trillion (170.4% GDP)

USA - 8.68 trillion (60.8 % GPD)

The Academy of Budget and Treasury, Giricheva 1WE3

The Academy of Budget and Treasury, Giricheva 1WE3

Consequences

Higher taxes and spending cuts

Stifling of business

High interest rates

Currency collapse

The Academy of Budget and Treasury, Giricheva 1WE3

References

http://prophecybeyond.ning.com/http://en.wikipedia.org/wiki/http://www.wisegeek.com/

The Academy of Budget and Treasury, Giricheva 1WE3

Thank You for Your attention!