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    p>When a debt is incurred by the government, the level of taxation in the economy has to be inc
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    The burden of governmental debt refers to the sacrifice it will impose on the community through a rise in taxation, necessitated at the time of repayment, and for paying the annual interest on the loans. The concept of the burden of debt is an extremely vague term. However, a distinction is made between financial burden or primary burden, and real burden or secondary burden.

    When a debt is incurred by the government, the level of taxation in the economy has to be incr

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    a rise in taxation, necessitated at the time of repayment, and for paying the annual interest on the loans. The concept of the burden of debt is an extremely vague term. However, a distinction is made between financial burden or primary burden, and real burden or secondary burden.

    When a debt is incurred by the government, the level of taxation in the economy has to be inc

    Debt Settlement As An Alternative To Bankruptcy
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    n the loans. The concept of the burden of debt is an extremely vague term. However, a distinction is made between financial burden or primary burden, and real burden or secondary burden.

    When a debt is incurred by the government, the level of taxation in the economy has to be inc

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    on is made between financial burden or primary burden, and real burden or secondary burden.

    When a debt is incurred by the government, the level of taxation in the economy has to be inc

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    p>When a debt is incurred by the government, the level of taxation in the economy has to be increased in order to meet the interest charges so long as the debt continues to exist. The consequent loss in the income of the people may be called as the financial burden of debt. The higher level of taxation caused by the rising debt may have some repercussions on the economy, in the form of adverse effects on the capacity and willingness to save. These effects may be called real

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