It is very difficult to reduce the national debt of a nation because little amounts are left after goods and services need to be paid for to ensure the welfare of the nation.
The national budget of the nation:
- Includes the various expenses of the government
- Includes debt interest payments
Because the national budget includes the various expenses of the nation such as salaries and national defense, there is usually very little left to enable the repayment of debt so the nation sticks to paying interest payments instead.
In conclusion, the national debt of a nation is hard to reduce because the government has to cover national expenses.
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