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  • 14-04-2022
  • Business
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The British government increased the national debt from $75 million to $133 million by borrowing from ________ and British bankers.

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Tundexi
Tundexi Tundexi
  • 28-04-2022

The British government borrowed from the Dutch and British bankers and this increase its national debt from $75 million to $133 million.

What is a national debt?

This means the total amount of all debts owed by the government of a country.

These debt are used to service infrastructure, cater expenditure when there are insufficient revenue to cater for such.

Therefore, the British government borrowed from the Dutch and British bankers.

Read more about national debt

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