What does the net debt indicate on a government's statement of financial position?
A)The government's ability to provide future services and programs.
B)The government's financial position.
C)The government's ability to raise revenues to meet its current year expenditures.
D)How much revenue the government must raise to cover its past spending.

Question

Quizplus · Accepted Answer

Net debt on a government's statement of financial position indicates the government's financial position, specifically how much it owes after taking into account its assets. It represents the total amount of government debt outstanding, less any financial assets it holds.

What Does the Net Debt Indicate on a Government's Statement