赤字国債(あかじこくさい)

あかじこくさい
noun
deficit-financing bonds, deficit bonds
formalwrittenbusinesslegaleconomicspolitics
1. deficit-financing bonds, deficit bonds
Government bonds issued to cover budget deficits, as opposed to construction bonds (建設国債(けんせつこくさい)) which fund public works. Formally called 特例国債(とくれいこくさい) (special bonds) because issuing them requires a special law.
赤字国債(あかじこくさい)の発行(はっこう)が増(ふ)えている。
The issuance of deficit bonds is increasing.
The government aims for fiscal management that doesn't rely on deficit bonds.
The outstanding balance of deficit bonds has reached a record high, raising concerns about the burden on future generations.

Cultural note

Japan's Fiscal Law (財政法(ざいせいほう)) allows government bonds only for public works, so deficit bonds can be issued only under a special law (特例法(とくれいほう)). The formal name 特例国債(とくれいこくさい) comes from this; 赤字国債(あかじこくさい) is the everyday and news term.

Common collocations

Related words

  • 建設国債(けんせつこくさい): construction bonds, the kind the Fiscal Law permits
  • 国債(こくさい): government bonds in general