State Debt (National Debt)

1) the total amount of liabilities of the state on outstanding loans as at reporting date arising from the government borrowings.
2) is the public and intragovernmental debt owed by the federal government. It’s also called sovereign debt, country debt, or government debt.

It consists of two types of debt. The first is debt held by the public. The government owes this to buyers of its bonds. Those buyers are the country’s citizens, international investors, and foreign governments.
The second type is intragovernmental debt. The federal government owes this to other government departments. It often funds government and citizens’ pensions.

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⠀ It consists of two types of debt. The first is debt held by the public. The government owes this to buyers of its bonds. Those buyers are the country’s citizens, international investors, and foreign governments. The second type is intragovernmental debt.