coffer
noun
plural noun: coffers
1. a strongbox or small chest for holding valuables.
2. a decorative sunken panel in a ceiling.
3. A popular buzzword among political pundits (in Australia at least)
As far as I understand it, money received by the government is effectively annihilated, and money that the government spends is effectively created as it is spent. Governments don't actually have 'coffers' because they don't keep money. The government has no savings and cannot go broke, although it can create too much money and cause hyperinflation.
I invite you to correct or expand upon my understanding of government 'coffers'.
noun
plural noun: coffers
1. a strongbox or small chest for holding valuables.
2. a decorative sunken panel in a ceiling.
3. A popular buzzword among political pundits (in Australia at least)
As far as I understand it, money received by the government is effectively annihilated, and money that the government spends is effectively created as it is spent. Governments don't actually have 'coffers' because they don't keep money. The government has no savings and cannot go broke, although it can create too much money and cause hyperinflation.
I invite you to correct or expand upon my understanding of government 'coffers'.