Government Debt (Chapter 3)
The proper role of government Sovereign debt is government indebtedness that might be accumulated for a number of reasons. Assessment of the rationale for it, its deployment and servicing partly depends on a proper appreciation of the role of government. This is a theme in Catholic social teaching, biblical studies and the wider Christian tradition. 3.1 The role of government in Catholic social teaching The Catechism of the Catholic Church states that ‘Every human community needs an authority to govern it’ and that the authority’s role is ‘to ensure as…