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Is public debt rising How does it affect us Mint Primer
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A public debt-to-GDP ratio is a ratio of what a country owes to what it produces, a measure of the financial leverage of an economy. Public debt consists of external debt i.e. borrowed from foreign lenders and internal debt i.e. government securities, treasury bills, and short-term borrowings. The covid-19 pandemic has resulted in a wider fiscal deficit and higher public debt-to-GDP (gross domestic product) ratio. • • In this video, let us understand what rising public debt means for the economy. • #publicdebtrising #gdprate #economy #finance #mint • Subscribe Now For Latest Updates - https://tinyurl.com/lbw8nze
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