One of the factors which is likely to check the growth of public debts is?

Assessment: JAMB UTME - Economics - 1997 Subject: Economics

Question 1 Report

One of the factors which is likely to check the growth of public debts is?
Answer Details
One of the factors which is likely to check the growth of public debts is debt reputation. Public debt is the total amount of money owed by a government to its creditors. If a government has a good reputation for managing its debt, creditors are more likely to lend it money at favorable interest rates, which can help to keep the growth of public debt in check. On the other hand, if a government has a poor reputation for managing its debt, creditors may be less willing to lend it money, or may require higher interest rates to compensate for the increased risk. This can make it more difficult for the government to borrow money and can lead to a rapid increase in public debt. Therefore, the correct option is "debt reputation".
Read lesson note on Public Finance (JAMB)
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