National Budget, Deficit, and Debt

National budget, deficit, and debt (JEL H6) cover government budgeting, deficits, and public debt.

Scope

It includes budget processes, deficit financing, debt sustainability, and the macro and intergenerational effects of debt.

Sub-topics

• General
• Budget • Budget Systems
• Deficit • Surplus
• Debt • Debt Management • Sovereign Debt
• Forecasts of Budgets, Deficits, and Debt
• Other

Core questions

• How are government budgets determined?
• When is public debt sustainable?
• What are the effects of deficits and debt?

Key concepts

• Budget deficit
• Public debt
• Debt sustainability
• Deficit financing
• Intergenerational burden

Frequently asked questions

When is public debt sustainable?

When a government can service its debt without an ever-rising debt-to-GDP ratio, given growth and interest rates.