Economics Dictionary of Arguments

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Government debt: Government debt, also known as public debt, refers to the accumulated financial obligations a government owes to creditors, individuals, or institutions. It arises from borrowing to finance expenditures exceeding revenues. Represented by bonds or securities, it reflects the total amount the government owes and is a key indicator of a country's financial health and borrowing capacity. See also Government budget, State, Fiscal policy.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Political Philosophy on Government Debt - Dictionary of Arguments

Mause I 284
Government Debt/Political Theory: With regard to government debt, empirical studies show that left-wing governments do not systematically produce higher deficits and thus higher debts than right-wing governments in an international comparison (see, for example, Wagschal 1996 (1); Cusack 1999 (2)). At the sub-state level, the results are inconsistent.

1. Uwe Wagschal. 1996. Der Einfluss von Parteien und Wahlen auf die Staatsverschuldung. Swiss Political Science Review 2 (4): 1– 328.
2. Thomas R. Cusack. 1999. Partisan politics and fiscal policy. Comparative Political Studies 32( 4): 464– 486.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Political Philosophy
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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