1. The Academy of Budget and Treasury of the
Ministry of Finance of the Russian Federation
National Debt
GIRICHEVA EKATERINA,
1WE3

2. Contents
 Definition
 History
 Classifications
 World indices
 Conclusion
The Academy of Budget and Treasury, Giricheva 1WE3

3. Definition
 “National Debt -
the total amount of
money that is owed
by a country's
government”
(Definition from the Cambridge
Advanced Learner's Dictionary)
The Academy of Budget and Treasury, Giricheva 1WE3

4. Levels of government
Local
Municipal
Federal
Central
The Academy of Budget and Treasury, Giricheva 1WE3

5. Budget Deficit
 Spending
> Income
The Academy of Budget and Treasury, Giricheva 1WE3

6. History
 the Bank of England Act 1694,
the first National Debt: £ 1.2 million at 8%
The Academy of Budget and Treasury, Giricheva 1WE3

7. Classifications
The Academy of Budget and Treasury, Giricheva 1WE3

8. Duration
Short term
Medium term
Long term
The Academy of Budget and Treasury, Giricheva 1WE3

9. World Indices
 Russia - $151.3 billion
(6.8% GPD)
 Japan - $7.47 trillion
(170.4% GDP)
 USA - 8.68 trillion (60.8
% GPD)
The Academy of Budget and Treasury, Giricheva 1WE3

11. Consequences
 Higher taxes and spending
cuts
 Stifling of business
 High interest rates
 Currency collapse
The Academy of Budget and Treasury, Giricheva 1WE3

12. References
 http://prophecybeyond.ning.com/
 http://en.wikipedia.org/wiki/
 http://www.wisegeek.com/
The Academy of Budget and Treasury, Giricheva 1WE3