How much money can the government borrow each year?

The amount of money a government can borrow each year is typically determined by its debt ceiling, which is a legal limit set by the legislature on the total amount of federal debt that can be incurred. This limit can be raised or suspended by Congress, allowing for additional borrowing as needed. Additionally, borrowing capacity is influenced by factors such as economic conditions, interest rates, and investor confidence. Ultimately, while there is no fixed annual borrowing limit, fiscal responsibility and economic stability are crucial considerations for determining how much a government chooses to borrow.