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Public Debt
SUBJECT : Economics
PUBLISHED ON : 09/12/13
NUMBER OF PAGES : ( 10 Pages)
PRICE : Rs 7.5

Public debt is a term used for all short term and long term borrowings of government from the people. The central government, state governments and local bodies borrow from the people. These accumulated borrowed amounts constitute the Public debt. Before 19th century Public debt was very little importance. But in the 20th century the size of the public debt has increased enormously. Today public debt is inevitable for the developing countries.

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