What is sovereign debt, why do governments borrow and pesky other details explained

When the government expenditure exceeds the available funds, it needs to look for other sources of funding. When this occurs through borrowing from other countries, investors, corporations, or the country’s own citizens, this borrowing is known as Sovereign Debt.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/what-is-sovereign-debtdo-governments-borrowpesky-other-details-explained_14298141.html
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