Public Debt Definition

Public debt sometimes also referred to as government debt represents the total outstanding debt bonds and other securities of a countrys central government.

Public debt definition. The term is also used to refer to overall liabilities of central and state governments but the Union government clearly distinguishes its debt liabilities from the states. Public debt is the income of the government. Public debt allows governments to raise funds to grow their economy or pay for services.

Public debt is the total of all borrowing of a government minus repayments denominated in a countrys home currency. There are different types of public debt but the majority of the debt is from government-issued debt securities. In India public debt refers to a part of the total borrowings by the Union Government which includes such items as market loans special bearer bonds treasury bills and special loans and securities issued by the Reserve Bank.

Debts of local and state and national governments. Public Debt definition by Union Government The Union government describes those of its liabilities as public debt which are contracted against the Consolidated Fund of India. The public debt is the amount of money that a government owes to outside debtors.

CIAs World Factbook lists the debt as a percentage of GDP. The total financial obligations incurred by all governmental bodies of a nation Meaning pronunciation translations and examples. It carries with them the promises of the government to pay interest to the holders of these bonds at stipulated rates at regular intervals or in lump sum at the end of the period in addition to the principal amount.

General government debt-to-GDP ratio measures the gross debt of the general government as a percentage of GDP. The total of all bonds and other debt owed by a government. Public debt receipts and public debt disbursals are borrowings and repayments during the year respectively by the government.

This is as per. Public debt is distinguished from private debt which consists of the obligations of individuals business firms and nongovernmental organizations. The difference between receipts and disbursals is the net accretion to the public debt.