| |
| | Public debt article - Public debt money government municipal government national government debt - What-Means.com |
 | | Public debt or national debt is money owed by government, at any level (municipal government, regional government, national government), which will indirectly be considered a debt of the citizens. |
 | | Accordingly, investment in American cities continued, but, U.S. public debt grew while Canada's began to shrink (as of the end of 2003 it was still larger per capita than the US debt but falling, and the US debt was widely expected to pass it and become the highest of any G8 nation). |
 | | In the United States, the federal government already had intervened to protect cities (as in the example of New York City), guarantee their "muni bonds", and provide direct transfers of federal tax monies to municipalities. |
| www.what-means.com /encyclopedia/Public_debt (1960 words) |
|