government bond issuance
Refers to the act of issuing national government bonds. Common in economic and fiscal policy contexts.
The government plans to increase the amount of government bond issuance this fiscal year.
Fundraising through government bond issuance is being discussed.
国債 means 'government bond' itself, while 国債発行 refers specifically to the issuance of such bonds.
発行 is a general term for 'issuance' (of publications, securities, etc.), whereas 国債発行 is limited to government bonds.
Compound of 国債 (government bond) and 発行 (issuance).