How might increasing government spending impact national debt and interest rates in the short term?

When the government spends more money, it often needs to borrow to cover its expenses, which can increase national debt. This borrowing usually happens by selling government bonds, and when more bonds are available, interest rates may rise because investors want a higher return for their money. For example, if the government decides to build new schools and needs extra funds, it might issue bonds, leading to more competition for money in the market and pushing interest rates up. In the short term, this means that while government spending can boost the economy, it can also make borrowing more expensive for everyone else. Thus, increasing government spending can have mixed effects on the economy, balancing growth with higher debt and interest rates.