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Public debt = all loans to the government of a country US Federal Debt = all loans to the US Federal Government (which excludes loans to state and local govern

Public debt = all loans to the government of a country US Federal Debt = all loans to the US Federal Government (which excludes loans to state and local governments). Private Debt = all loans to non-governmental entities (individuals/businesses/corporations) in a country.

xyzzy21 5y ago
In China there really isn't a difference - the Communist Party is partial owner of ALL "private" corporations.
- eunos 5y ago
  If party owned Evergrande they don't need to have three red lines drama