National Foundation for Debt Management
So imagine you have a piggy bank that you like to put your money in. You know how much money you have, and you want to make sure you don't spend it all at once.
Well, countries also have something like a piggy bank, only it's a bit more complicated. They have a lot of money, but they also have a lot of things they need to spend it on.
Sometimes, countries can spend too much money and not have enough left in their piggy bank. This is called debt, and it's not a good thing.
That's where the National Foundation for Debt Management comes in. They help the country figure out how much money they can spend and how much they need to save. They also help the country figure out how to pay back any debt they may have.
Think of it like a grown-up piggy bank manager. They make sure the country doesn't run out of money and get into trouble with debt.
Well, countries also have something like a piggy bank, only it's a bit more complicated. They have a lot of money, but they also have a lot of things they need to spend it on.
Sometimes, countries can spend too much money and not have enough left in their piggy bank. This is called debt, and it's not a good thing.
That's where the National Foundation for Debt Management comes in. They help the country figure out how much money they can spend and how much they need to save. They also help the country figure out how to pay back any debt they may have.
Think of it like a grown-up piggy bank manager. They make sure the country doesn't run out of money and get into trouble with debt.