Debt trap/Definition: Difference between revisions
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imported>Nick Gardner m (New page: <noinclude>{{Subpages}}</noinclude> the situation in which ''national debt'' continues to grow faster than national income so that more and more of the government’s budget has to be devo...) |
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<noinclude>{{Subpages}}</noinclude> | <noinclude>{{Subpages}}</noinclude> | ||
the situation in which | the situation in which the [[national debt]] continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments. | ||
Latest revision as of 05:32, 5 February 2010
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Debt trap [r]: the situation in which the national debt continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments.