Financial Terms Dictionary: ELI5 Version - Government Spending and Debt

Government Spending and Debt:

key facets of public finance, refer to the allocation of financial resources by a sovereign government to fund its various expenditures and services, and the resultant accumulation of obligations arising from budgetary deficits. These fundamental components of fiscal policy profoundly impact a nation's economic stability, development, and the interplay between government and the private sector.