Burden of the national debt
The extent of the burden on a nation of public debt, depends in the first place on whether it is an external or an internal debt. The burden of the national debt to the community can be approximated by the cost of serving it. The cost of servicing the public debt can be calculated:
i. Per head of the population, or
ii. As a percentage of government revenue, or
iii. As a percentage of the national income.
Whichever method used, the National debt shall have the following burden on society: