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

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Page 1: National debt

GIRICHEVA EKATERINA, 1WE3

National Debt

The Academy of Budget and Treasury of the Ministry of Finance of the Russian

Federation

Page 2: National debt

Contents

DefinitionHistoryClassificationsWorld indicesConclusion

The Academy of Budget and Treasury, Giricheva 1WE3

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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

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Levels of government

The Academy of Budget and Treasury, Giricheva 1WE3

Local

Municipal

Federal

Central

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Budget Deficit

Spending Income

The Academy of Budget and Treasury, Giricheva 1WE3

>

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History

The Academy of Budget and Treasury, Giricheva 1WE3

the Bank of England Act 1694, the first National Debt: £ 1.2 million at 8%

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Classifications

Public Debt

Internal

External

The Academy of Budget and Treasury, Giricheva 1WE3

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Duration

Short term

Medium term

Long term

The Academy of Budget and Treasury, Giricheva 1WE3

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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

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The Academy of Budget and Treasury, Giricheva 1WE3

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Consequences

Higher taxes and spending cuts

Stifling of business

High interest rates

Currency collapse

The Academy of Budget and Treasury, Giricheva 1WE3

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References

http://prophecybeyond.ning.com/http://en.wikipedia.org/wiki/http://www.wisegeek.com/

The Academy of Budget and Treasury, Giricheva 1WE3

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Thank You for Your attention!