It is possible for a country to have a high positive national debt and also have a large budget surplus.

Question

Quizplus · Accepted Answer

National debt refers to the total amount of money owed by a government to its lenders or the public. A budget surplus, on the other hand, occurs when a government's revenues exceed its expenditures in a given year, resulting in a positive balance. It is possible for a country to have a high national debt but still achieve a budget surplus if the government manages to increase revenue or reduce spending to a greater extent than the amount of debt incurred. However, it is worth noting that sustained high levels of national debt and budget deficits can have negative consequences on a country's economy and financial stability over time.

It Is Possible for a Country to Have a High