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The difference is that public debt is owed to creditors while intragovernmental debt is owed to another part of government.
<h3>How to Classify Debts?</h3>
The public debt is defined as the amount of money that a government owes to creditors. Now, this debt held by the public is a large portion of the national debt.
However, Intragovernmental debt is defined as debt that one part of the government owes to another part of the government. Generally, this debt is held in government trust funds, such as the Social Security trust funds.
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A culture of consumerism
D aftermath of World War I
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