Public debt of the US

BY 1ST ACADEMIC GROUP STUDENT

KULIKOV IGOR
 The definition
 The public debt is how much a country owes to lenders outside of itself. These
can include individuals, businesses, and even other governments.
 The term "public debt" is often used interchangeably with the term sovereign
debt. Public debt usually only refers to national debt.
 History
 The United States has continuously had a fluctuating public debt since its
formation in 1789, except for about a year during 1835–1836, a period in
which the nation, during the presidency of Andrew Jackson, completely paid the
national debt.
 U.S. Public Debt’s mechanism

 The U.S. Treasury Department manages the U.S. debt through its
Bureau of the Fiscal Service. It measures debt owned by the public
separately from intragovernmental debt.

 Public debt includes Treasury bills, notes, and bonds, which are
bought by large investors.

 You can become an owner of the public debt by purchasing savings

bonds and Treasury Inflation Protected Securities.
 Recent statistics

 On March 31, 2020, during the coronavirus

pandemic, the total U.S. debt was $23.7 trillion.

 That could make the owners of the U.S. debt

insist on higher interest rates.
Who owns the U.S. Public Debt?
 Questions

1. How would you explain the term «public debt»?

2. During all the history of the USA, how the situation with the public
debt was changing?
3. Which country is the largest owner of the U.S. Public Debt?