what is public Dept? Distinguish between Internally held public Dept and externally held public debt do you think that externally held public debt imposes no burden on the community give reasons for your answer?
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Definition: Public debt receipts and public debt disbursals are borrowings and repayments during the year, respectively, by the government.
Description: The difference between receipts and disbursals is the net accretion to the public debt. Public debt can be split into internal (money borrowed within the country) and external (funds borrowed from non-Indian sources).
Internal debt comprises treasury bills, market stabilisation schemes, ways and means advance, and securities against small savings.
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