Debt limit: Difference between revisions
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A debt limit is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Usually this is measured as percentage of GDP. A handful of countries have debt limitation laws in place. Among the more famous cases is the [[United States debt ceiling]].<ref>http://www.treasury.gov/initiatives/pages/debtlimit.aspx</ref> |
A debt limit is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Usually this is measured as percentage of GDP. A handful of countries have debt limitation laws in place. Among the more famous cases is the [[United States debt ceiling]] but there are several other [[countries that have debt limits]].<ref>http://www.treasury.gov/initiatives/pages/debtlimit.aspx</ref>. <ref>http://www.investmentfrontier.com/2013/10/08/7-countries-with-debt-ceilings-or-limits/#comment-5165</ref> |
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Revision as of 07:06, 21 August 2014
A debt limit is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Usually this is measured as percentage of GDP. A handful of countries have debt limitation laws in place. Among the more famous cases is the United States debt ceiling but there are several other countries that have debt limits.[1]. [2]