What is Public Debt ? Meaning ↓
Public debt or public borrowing is considered to be an important source of income to the government. If revenue collected through taxes & other sources is not adequate to cover government expenditure government may resort to borrowing. Such borrowings become necessary more in times of financial crises & emergencies like war, droughts, etc.Public debt may be raised
Sunday, 13 February 2011
Public Debt - Classification Types of Public Debt Borrowing
Posted on 07:08 by Unknown
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