Still.

We can think of the country as an enterprise. National revenue is the same as corporate fiscal revenue. The most important source of revenue for the country is taxation, and national expenditures are multifaceted.

On the one hand, the country will spend money to build social infrastructure and public resources. At the same time, it will also spend money to buy energy, food, etc. that do not exist in our country. Pay wages, rent office space, etc.

Enterprise bankruptcy means that expenditure exceeds revenue and capital cannot be circulated. The same is true for countries. When a country's expenditure exceeds revenue, the country goes bankrupt.

But there is a difference between national bankruptcy and corporate bankruptcy. If a company goes bankrupt, it means that the company directly goes bankrupt and does not exist at all. But if a country goes bankrupt, it does not mean that the country disappears from the world. , its insolvent entities will continue to survive, but its debts will be replaced by a restructuring or external regulatory model, and the insolvent state will continue to exist internationally.

Because the international economy is in recession, countries that are still unable to repay their debts are everywhere. As many as 26 countries are now unable to repay their international debts, and the bankruptcy crisis is getting worse.