There is a huge difference between Britain and Japan in governmentdebt.
Times, Sunday Times (2012)
In this regard the statistics commonly cited as governmentdebt are themselves deeply misleading, for they encompass only the sums owed by governments in the form of bonds.
Times, Sunday Times (2012)
The assets will be used to reduce the figures for governmentdebt and the liabilities will simply disappear from view.
Times, Sunday Times (2012)
Definition of 'debt'
debt
(det)Explore 'debt' in the dictionary
variable noun
A debt is a sum of money that you owe someone.
Definition of 'government'
government
(gʌvəʳnmənt)Explore 'government' in the dictionary
countable noun [with singular or plural verb]
The government of a country is the group of people who are responsible for governing it.