Even in this age of global capital, most government debt is owed to domestic investors in most of the world. Turkey, for example, has a big national debt, but it is financed mostly by Turkish savers. It is perfectly possible for a country to have no national debt.
As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. In 1992, Japans's Nikkei (stock market) crashed.
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reachananya2110
Governments often issue bonds to raise money, thus accruing debt. Issuing bonds has become a fundamental part of monetary policy and a second vital tool in monitoring and guiding a country's economy, outside taxes. Easiest way I can say the answer.. Hope it helps Stay safe, healthy and happy
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Even in this age of global capital, most government debt is owed to domestic investors in most of the world. Turkey, for example, has a big national debt, but it is financed mostly by Turkish savers. It is perfectly possible for a country to have no national debt.
As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. In 1992, Japans's Nikkei (stock market) crashed.
Easiest way I can say the answer..
Hope it helps
Stay safe, healthy and happy