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Is public debt a burden or a blessing

"Is public debt a burden or a blessing? " What are the downsides of public debt? and what are the pros or benefits, if any?

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Public Debt can be burden or blessing.

It can be blessing when:
It is a tool of fiscal policy. Fiscal policy refers to nation's policy relating to the government spending, taxing, borrowing and debt management. The main objectives of the fiscal policy are:
1. Mobilization of resources
2. Acceleration of the ...

Solution Summary

This discusses whether public debt a burden or a blessing

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