20. PUBLIC DEBT- Explaining DEFINITION, TYPES and CONSEQUENCES | PUBLIC FINANCE | Eco(H) | MBA

#publicdebt #publicfinance #typesofdebts #internaldebt #externaldebt
Government debt, also known as public interest, public debt, national debt and sovereign debt, contrasts to the annual government budget deficit, which is a flow variable that equals the difference between government receipts and spending in a single year. The debt is a stock variable, measured at a specific point in time, and it is the accumulation of all prior deficits.
Government debt can be categorized as internal debt (owed to lenders within the country) and external debt (owed to foreign lenders). Another common division of government debt is by duration until repayment is due. Short term debt is generally considered to be for one year or less, and long term debt is for more than ten years. Medium term debt falls between these two boundaries. A broader definition of government debt may consider all government liabilities, including future pension payments and payments for goods and services which the government has contracted but not yet paid.
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❤ thank you so much mam for giving the best explanation

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Nice both ur teaching & ur smile

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Very nice

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Superb

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Thank you mam atlast found a lecture in english u have explained well looking forward for more videos

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Great explaination

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[@chandra9441]

Hi, please reply.. before independence, what happened public debt..? 1944 public debt securities details please..