national debt
noun/ˌnæʃnəl ˈdet/
/ˌnæʃnəl ˈdet/
[usually singular]- the total amount of money that the government of a country owes
- The country has a national debt of 80% of GNP.
CultureIn Britain, the amount borrowed every year is known as the Public Sector Net Cash Requirement, and is added to the national debt.Topics Moneyb2Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation:
national debt