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debt limit

American  

noun

  1. (in public finance) the legal maximum debt permitted a municipal, state, or national government.


Example Sentences

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The $70 billion borrowing plan exceeds the city’s current debt limit, which is pegged to the total amount of taxpaying property in the city, by tens of billions of dollars.

From The Wall Street Journal Nov. 5, 2025

And, third, any policy passed through budget reconciliation must directly affect federal spending, revenue, or the debt limit.

From Salon Apr. 7, 2025

In the end, they actually defied him, passing a bill that was silent about the debt limit.

From Los Angeles Times Dec. 29, 2024

Also known as the debt limit, this is a law that restricts the total amount of money the government can borrow to pay its bills.

From BBC Dec. 20, 2024

I have studied your state constitution, and the language in which the debt limit of five percent is provided I find applies strictly to towns and cities.

From The Landloper by Holman Day

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