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Ibn Sina (980-1037) , known in Christian Europe as Avicenna,
Public Debt
Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.
Budget Deficits
The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.
Federal Budget Deficit
The shortfall when a government's total expenditures exceed its total revenue for a specific fiscal period, leading to borrowing or the depletion of reserves.
National Debt
The cumulative sum of money borrowed by a country's government through different channels.
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