Public Debt

+**Public Debt**

+Public debt is the total financial obligation of a [Government](/wiki/government), accumulated when its [Expenditure](/wiki/expenditure) surpasses its [Revenue](/wiki/revenue). This sum is typically financed through the issuance of [Bonds](/wiki/bonds) and other securities, impacting a nation's fiscal health.

+## See also

+- [Budget](/wiki/budget)

+- [Taxation](/wiki/taxation)