According to the definition of the International Monetary Fund and the World Bank, foreign debt is "including all liabilities that are obligated to repay non-local residents in foreign currency or local currency".

2. Domestic debt refers to the debt that all kinds of debt subjects form for domestic investors by issuing bond certificates denominated in their own currencies or concluding specific contracts, also known as "domestic debt".

The main purpose of government internal debt is to make up for the fiscal deficit or the temporary shortage of treasury funds, and it has increasingly become an important means for the government to regulate the economy.

Expand the difference between domestic debt and foreign debt.

1, different concepts.

Generally speaking, bonds denominated in local currency issued to domestic creditors in the domestic market are called domestic debts.

External debt includes all liabilities paid to non-local residents in foreign currency or local currency.

2. The influencing factors are different.

The issuance of domestic debt mainly depends on domestic capital supply, bond issuance conditions and solvency. The use of debt income is mainly decided by the government.

The issuance of foreign debt is influenced by the country's ability to earn foreign exchange through export and its position and reputation in international relations. If it is a loan, the use of debt funds is often influenced by foreign creditors.

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