Toddsterpatriot
Diamond Member
There is no such thing as "net debt."What did the NET DEBT do?But the TOTAL debt DID rise by 500 billion, so 340 billion was borrowed from somewhere in addition to the 160 billion borrowed from the public. 500 billion total was borrowed to cover a 500 billion in overspending.
Here's some more simple accounting help for you.....
Net Debt = Short Term Debt + Long Term Debt - Cash & Cash Equivalents
Net Debt Definition