Question

Get data on government debt of any country of your choice and explain its fluctuations. Also, explain who bears the burden of government debt and why. Under what circumstances is there no burden to be borne of government debt?

Country: United States

Answer 1

Answer:

Country U.S - Federal Debt that the federal government owes, either to its investors or to itself. At the end of fiscal year 2019, the total federal debt was $22.8 trillion dollars.On June 10, 2020 it had crossed $26 Trillion.If steps are not taken the ability to pay back its debt by U.S Will come into the question and same will effect the global economy .

The debt is as follows .

2/3 it owes to  public. in form of U.S. Treasury bills, notes, and bonds, including individuals, companies, and foreign governments.

1/3 is intragovernmental debt. The Treasury owes this debt to its various departments who hold government account securities, such as Social Security, which is one of the biggest owners.

On January 8, 1835, President Andrew Jackson achieves his goal of U.S Debt free first time in United states History .

Fluctuations:-

It was in 1990 3.5 Trillian $ From FY1998 to FY2001, the federal government ran budget surpluses and since then it is raising Debt every year and deficit buget every year rising tremendously and now is high by 800 % of what it was in 1990 .

burden of government debt to whom and why :-

The Burden of government debt ison Government Budget deficit that rise to debt and later on the burden of debt is on the Future generation of the country.U.S Has 104.3 % of GDP Debt Because this is the upcoming generation which will bear real burden .

circumstances is there no burden to be borne of government debt:-

There is no circumstances as such .

Chart of Debt :-

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