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Debt Interest Burden
The debt interest burden refers to the total cost of servicing a government's outstanding debt. It is the interest payments that a government must make on its debt over a given period of time, such as a fiscal year.
The debt interest burden is an important metric because it represents a significant portion of a government's overall spending and can impact its ability to fund other programmes and investments.
Governments can reduce their debt interest burden by paying down their debt, refinancing their debt at lower interest rates, or increasing their revenue through taxes or other sources.
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The Looming UK Debt Crisis: A Challenge for Future Generations
12th September 2024
