Usually means: Money owed by a government.
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We found 8 dictionaries that define the word government debt:

General (3 matching dictionaries)
  1. government-debt: Wordnik
  2. Government debt: Wikipedia, the Free Encyclopedia
  3. government debt: Wiktionary

Business (4 matching dictionaries)
  1. Government debt: Deardorff's Glossary of International Economics
  2. Government debt: Legal dictionary
  3. Government debt: Financial dictionary
  4. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. Government debt: Encyclopedia

Definitions from Wiktionary (government debt)

noun:  Synonym of national debt

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