What does national credit mean?

National credit is the credit that the national government requires citizens to provide by borrowing. National credit refers to the credit that the national government, as a debtor, borrows from the citizens of the whole society.

The most basic form of national credit is that the state issues public bonds. The function of national credit is to mobilize the idle funds of society in a short time, concentrate these funds, do great things, do some basic construction, and constantly improve the quality of national infrastructure, thus establishing a very good material foundation for the development of national economy.