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Essay On Government Borrowing

658 Words3 Pages

The sum of total outstanding borrowings owned by the federal government that includes the money borrowed by the government plus the interest it must have to pay on the borrowed money is known as national debt. If the government does not collect enough revenue that covers the expenses that was spent in the programs such as building, roads, military, bridges etc., the government have to accept debt. The revenue can be collected from the taxes and fees that government imposes. It plays a vital role in the country’s financial system as a government security. The sum of total outstanding borrowings owned by the federal government that includes the money borrowed by the government plus the interest it must have to pay on the borrowed money is known …show more content…

If the government does not collect enough revenue that covers the expenses that was spent in the programs such as building, roads, military, bridges etc., the government have to accept debt. The revenue can be collected from the taxes and fees that government imposes. It plays a vital role in the country’s financial system as a government security. The sum of total outstanding borrowings owned by the federal government that includes the money borrowed by the government plus the interest it must have to pay on the borrowed money is known as national debt. If the government does not collect enough revenue that covers the expenses that was spent in the programs such as building, roads, military, bridges etc., the government have to accept debt. The revenue can be collected from the taxes and fees that government imposes. It plays a vital role in the country’s financial system as a government security. The sum of total outstanding borrowings owned by the federal government that includes the money borrowed by the government plus the interest it must have to pay on the borrowed money is known as national

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