debet.com - BONGDATV

We explain what a debt-to-GDP ratio means and explore which countries have the highest and lowest national debt-to-GDP ratios in the world. If you want to learn about the reasons why national debt occurs, head over to the section on the reasons for national debt.

Today, our deficits are caused mainly by predictable structural factors: our aging baby-boom generation, rising healthcare costs, and a tax system that does not bring in enough money to pay for what the government has promised its citizens.

Debt is something one party owes another, typically money. Companies and individuals often take on debt to make large purchases they could not afford without it. Debt can be secured or unsecured,...

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