Meaning Of Public Debt


 
 
Concept Explanation
 

Meaning Of Public Debt

Public Debt :

  • In normal accounting, debt is a stock, to be measured at a point of time,while borrowing and repayment during a year are flows, to be measured over a period of time. In Budget parlance, however, you'll find public dept receipts and public debt disbursal. These are respectively borrowings and repayments during the year. The difference between the two is the net accretion to the public debt.
  • Public debt can be split into two heads, internal debt (money borrowed within the country) and external debt (funds borrowed from non - Indian sources).
  • The internal debt comprises of Treasury Bills, Market Sensationalist Scheme, Ways and Means Advance, and securities against small savings.
  • .... (More Text Available, Login?)
     
     


    Students / Parents Reviews [10]