Question

Public debt includes debt that is held by:________

Answer 1

The answer is Public debt includes debt that is held by the social security Administration.

Public debt is the total amount, including total liabilities, borrowed by the government to meet its development budget.

What is Public debt?

• Public debt has to be paid from the consolidated fund of India. It is also used to refer overall liabilities of central and state governments, but the union government clearly distinguishes its debt liabilities from the state.
• The sources of public debt are dated government securities (G-Secs), treasury bills, external assistance, and short term borrowings.
• However, if the public debt is calculated as government liabilities, which also includes the liabilities of states.

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