Government Borrowing Law and Legal Definition
Government Borrowing is the demand for loans obtained through the financial markets by the government sector to finance government purchases over and above taxes. In terms of the circular flow, this is one of two demands for household saving, diverted into financial markets, the other is investment borrowing. Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from supranational institutions.
Legal Definition list
Related Legal Terms
- Abuses of Governmental Power Identified Under “Watergate”
- Accompanying the Federal Government Outside the United States
- American Federation of Government Employees (AFGE)
- Attorney for the Government
- Borrowing Cost
- Borrowing Resolution
- Borrowing Statute
- Certified Local Government
- City Council-Manager Government
- City Mayor-Council Government
