Understanding Public Debt: Objectives, Sources, and Repayment
Explore the concept of public debt, its objectives, sources of borrowing, and methods of repayment. Public debt plays a crucial role in maintaining fiscal balance and financing government initiatives in various sectors such as education, healthcare, and infrastructure development.
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Presentation Transcript
PPT Date- 15.02.2018 B.A 4th SEM (Major) PUBLIC DEBT It refers to the total amount including total liabilities, borrowed by the government to meet its development budget. It has to be paid from the Consolidated Fund of India. It also used to refer to overall liabilities o`f central and state governments, but the Union government clearly distinguishes its debt liabilities from the states.
Objectives and Importance of Public Debt Maintenance of Balance between Expenditure and Revenue Control of Depression To curb Inflation Financing Economic Development To meet Unprecedented Expenses To Finance Public Enterprises For better allocation of Resources Creation of Infrastructures Expansion of Education and Public Health Services.
Sources of Public Borrowing Borrowing from Individuals. Borrowing from Non-Banking Financial Institutions. Borrowing from the Commercial Bank. Borrowing from the Central Bank. Borrowing from External Sources.
Repayment of Public Debt Repudiation of Debt. Conversion of Loan. Refunding of Debt. Actual method of Repayment of Public Debt - (a) Sinking Fund (b) Utilization of Budget Surplus (c) Terminal Annuity (d) Capital Levy. By: Dipanjali Mudoi Dept. of Economics
