"Government debt refers to the debt that the government has accumulated when its expenditure exceeds income. The government usually raise funds by issuing government bonds and bonds to meet their expenditure demand. Government debt is an important indicator of the state's macroeconomic status. It is also one of the important indicators to measure a national economic strength and credit status.
The scale and proportion of government debt are important indicators to measure their financial health. The scale of debt refers to the total amount of debt owed by the government, and the proportion of debt refers to the proportion of government debt in accordance with GDP (GDP). Generally speaking, more than 60%of the debt ratio is considered a high debt ratio, which may affect the national credit rating and fiscal stability.
The management of government debt is also an important issue. The government should reduce the scale and proportion of debt through control of expenditure, increasing income, and optimizing fiscal policies. At the same time, the government should also strengthen debt management and supervision to ensure the security and sustainability of debt. If government debt is not managed and controlled, it may lead to problems such as fiscal crises, inflation, and exchange rate risks. Therefore, the government should take reasonable and effective measures to manage and standardize debt to ensure the stability and sustainable development of the country. "