Government debt

Government debt is when a country borrows money from other countries or organizations, like the World Bank. When a country has a lot of debt, it means that it owes money and must pay it back. Governments often borrow money to pay for things like healthcare, roads and schools. They also use the money to help pay off other debts they already have. To pay back the money they borrowed, governments often raise taxes or print more money, which can cause inflation.