The Treaty of Velasco was an agreement signed on May 14, 1836, which established the withdrawal of Mexican troops from the State of Texas, which had proclaimed its independence on March 2 of that same year. It was signed in the Port of Velasco, Texas, after the battle of San Jacinta, in which the Mexican president, Antonio López de Santa Anna, was taken prisoner by the Texan rebels.

National debt or public debt is the total debt a country owes to its citizens, governments of other countries or international financial organizations like the World Bank and International Monetary Fund (IMF). The debt which a country owes its citizens is known as internal or domestic debt, while the debt owed to foreign governments or international financial organizations is known as external or foreign debt.