Difference between revisions of "Public debt"

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'''Public debt''' refers to the cumulative amounts borrowed by the [[Treasury Department]] or the [[Federal Financing Bank]] from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the [[Federal Government]]). The [[National debt of the United States|total public debt]] is subject to a [[statutory]] limit.<ref>[http://www.senate.gov/reference/glossary_term/appropriation.htm appropriation glossary term] US Senate Reference</ref>
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'''Public debt''' refers to the cumulative amounts borrowed by the [[Treasury Department]] or the [[Federal Financing Bank]] from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the [[Federal Government]]). The [[National debt of the United States|total public debt]] is subject to a [[statutory]] limit.<ref>[https://www.senate.gov/reference/glossary_term/appropriation.htm appropriation glossary term] US Senate Reference</ref>
  
 
==References==
 
==References==
 
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[[Category:United States Senate Terms]]
 
[[Category:United States Senate Terms]]

Latest revision as of 19:21, September 26, 2018

Public debt refers to the cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.[1]

References

  1. appropriation glossary term US Senate Reference