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national debt ceiling

/ˈnæʃənəl det ˈsiːlɪŋ/

1 entry

phrase

/ˈnæʃənəl det ˈsiːlɪŋ/C1formalpolitical
  • ruЮридический лимит, установленный правительством на общую сумму денег, которую оно может занять для покрытия своих расходов, часто используемый в политических и экономических дискуссиях.

A legal limit set by a government on the total amount of money it can borrow to cover its expenses, often used in political and economic discussions.

  1. Government borrowing limitC1formalamerican

    The maximum amount of money that a national government is legally allowed to borrow to cover its expenses.

    ruЛимит государственного долга

    • The Congress voted to raise the national debt ceiling to avoid a default.
    • Failure to increase the national debt ceiling could lead to a government shutdown.
    • Economists debate the long-term effects of the national debt ceiling on the economy.