Is Public debt or External debt bigger?

its all of the money borrowed by the government over the years and not yet repaid, plus the accumulated interest on that money.

Politicians get elected by making voters happy. Voters always want more public spending and less taxes. The only way to have both of those things at once is to borrow money. So politicians borrow...

The Government spends more money than it collects.

Need for public debt:During period of inflation and deflation it is a sound fiscal weapon.

43 billion Dollar in 2008