public debt

1715–25 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
public debt
1.  the total financial obligations incurred by all governmental bodies of a nation
2.  another name for national debt

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
We will fortunately be able to apply to the redemption of the public debt any
  small and unforeseen excess of revenue.
Financially speaking, the atolls' nebulous political past is responsible for
  the country's persistent public debt.
We've simply shifted from private debt to public debt.
Conventional measures of public debt show the legacy of past borrowing.
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