Sovereign Debt
Nounसरकारी ऋण/देश का ऋण
Definition
Borrowing by a national government, typically denominated in foreign currencies, used to fund public expenditures (e.g., infrastructure, welfare).
Contextual Sentence: "Greece’s sovereign debt crisis in 2010 highlighted the dangers of excessive borrowing and economic instability."
💡 Memory Hook (Mnemonic): **S**tate **O**wes **V**ery **E**nough—**R**isky if not managed!
Synonyms
public debt
government bonds
national borrowing
Antonyms
savings
foreign reserves
debt repayment