How does a country get rid of its national debt?

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2026-04-04 18:05

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A country can reduce its national debt through several methods, including promoting economic growth to increase tax revenues, implementing fiscal policies that prioritize budget surpluses, and reducing government spending. Additionally, restructuring existing debt can help manage repayments and lower interest costs. Selling government assets or increasing taxes can also contribute to debt reduction. Ultimately, a sustainable approach to managing debt involves balancing economic growth with prudent fiscal management.

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