GIRICHEVA EKATERINA, 1WE3 National Debt The Academy of Budget and Treasury of the Ministry of Finance of the Russian Federation
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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!
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