Does public debt include state governments external debts
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The debtors can be the Union government, state governments, corporations or citizens of India. The debt includes money owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank. ✔✔
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▪︎Public debt is the total liabilities of the central government contracted against the Consolidated Fund of India. It is further classified into internal & external debt. ... Marketable government securities include G-secs and T-Bills issued through auction.
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