sovereign debt

English

Noun

sovereign debt (countable and uncountable, plural sovereign debts)

  1. (economics) The amount of money outstanding that was borrowed by a government in order to finance expenditure not covered by taxation.
    Synonyms: government debt, national debt, public debt
    • 2026 January 24, Michael Pascoe, “America’s mighty economic power has feet of clay”, in Michael West Media‎[1]:
      In a note last month to his array of international fund manager clients, Gerard Minack, Morgan Stanley’s former Global Strategist, warned that many developed economies are heading for sovereign debt crises.

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