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    AN Abstract On Public Debt

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    praveen
    Public debt, also known as government debt, refers to money borrowed by governments through bonds or loans. It is a method used by governments to finance operations when tax revenue is not enough to cover expenditures. Public debt includes debt owed by central, state, and local governments. It is classified into internal debt, which is owed to lenders within the country like banks and financial institutions, and external debt, which is owed to foreign lenders. Over time, the public debt of India's central and state governments has increased as a means to fund development and non-development activities when tax revenues could not cover spending.

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    AN Abstract On Public Debt

    Uploaded by

    praveen
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    Public debt, also known as government debt, refers to money borrowed by governments through bonds or loans. It is a method used by governments to finance operations when tax revenue is not enough to cover expenditures. Public debt includes debt owed by central, state, and local governments. It is classified into internal debt, which is owed to lenders within the country like banks and financial institutions, and external debt, which is owed to foreign lenders. Over time, the public debt of India's central and state governments has increased as a means to fund development and non-development activities when tax revenues could not cover spending.

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    A Short idea on "What is Public Debt?".

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    AN Abstract on Public Debt

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    Public debt, also known as government debt, refers to money borrowed by governments through bonds or loans. It is a method used by governments to finance operations when tax revenue is not enough to cover expenditures. Public debt includes debt owed by central, state, and local governments. It is classified into internal debt, which is owed to lenders within the country like banks and financial institutions, and external debt, which is owed to foreign lenders. Over time, the public debt of India's central and state governments has increased as a means to fund development and non-development activities when tax revenues could not cover spending.

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    © All Rights Reserved
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    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views2 pages

    AN Abstract On Public Debt

    Uploaded by

    praveen
    Public debt, also known as government debt, refers to money borrowed by governments through bonds or loans. It is a method used by governments to finance operations when tax revenue is not enough to cover expenditures. Public debt includes debt owed by central, state, and local governments. It is classified into internal debt, which is owed to lenders within the country like banks and financial institutions, and external debt, which is owed to foreign lenders. Over time, the public debt of India's central and state governments has increased as a means to fund development and non-development activities when tax revenues could not cover spending.

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    © All Rights Reserved
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    ABSTRACT

    Public Debt is also known as Government Debt (or) National Debt (or)
    sovereign debt and it is owned by the Central Government. But in Federal states,
    these Public Debts may also be referred by the state or provincial or local
    Government. Public debt is one system/method for financing government
    operations, but it is not only one method for the financing government operations.
    Governments can also create money to monetize their debts, in this manner
    uprooting the need to pay interest.

    Public debt refers to government debt. It refers to Government borrowings


    from individuals, financial institutions, organizations and foreign countries. If
    revenue collected through taxes and other sources is not adequate to cover
    expenditure, the government may resort to borrowings. Thus public debt is one of
    the instruments to cover deficits in budget.
    Over the years, the public debt of Central Government and that of State
    Governments has increased during the planning period. In short, public debt refers
    to obligations of governments, particularly those evidenced by securities, to pay
    sums to the holders at some future date. Borrowed funds are utilized for
    development and non-development activities.

    These are classified into two kinds. They are

    1. Internal debt
    2. External debt

    Internal debt or domestic debt is the part of the total government debt in a
    country that is owed to lenders within the country. Internal debt's complement is
    external debt. Commercial banks, other financial institutions etc. constitute the
    sources of funds for the internal debts.

    External debt, This is a list of countries by external debt, the total public and
    private debt owed to nonresidents repayable in internationally accepted currencies,
    goods, or services, where the public debt is the money or credit owed by any level
    of government, from central to local, and the private debt the money or credit owed
    by private households or private corporations based in the country under
    consideration

    Subject: Economics

    Topic: public debts in India

    Submitted by,

    NAME: B. PRAVEEN

    ROLL. NO: 2015020

    SEMESTER: 2nd semester

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