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Julie owns a gun and has for several years. She is arrested for possession of a firearm within the city where she lives. The day following her arrest, the city passes a law making gun ownership of any kind illegal and punishable by a year in jail for the first offense. Julie is sentenced to one year and a day in prison.
Indebtedness To Foreigners
The total amount of money that a country owes to foreign creditors.
Current Consumption
The purchases of goods and services for immediate use, as opposed to saving or investing for future use.
Budget Deficits
The financial situation that occurs when an entity's expenditures exceed its revenues over a specified period of time.
Foreign Exchange Reserves
Assets held on reserve by a central bank in foreign currencies, which are used to back liabilities and influence monetary policy.
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