Difference between National Debt and External Debt
- AS, A-Level
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 29 Dec 2017
National debt is the accumulated level of debt owed by the government of a country. External debt is debt owed by the government, businesses and people of a country to overseas lenders such as banks, the IMF, foreign companies and other creditors.