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Please explain Public debts Please explain Public debts

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Old Thursday, January 07, 2010
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Default Please explain Public debts
Hello everyone
help needed in understanding public borrowing.
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Old Wednesday, January 27, 2010
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Hello
Governments, in order to perform its various functions needs finance. There are various sources from where a government can generate resources to meet its expenditures (for example taxes). However if government's ability to finance its expenditures is restrainted, it resorts to borrowing from varius sources. Major sources are: central bank, commercial banks and IFIs. The borrowed money from these sources accounts to what is called public debt.
Public debt has many advantages as well as disadvantages, which is a different story.
hope that clears your concept.
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Old Thursday, January 28, 2010
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As far as I know.....The total debts of a country are generally comprised of internal and external debts....Internal debts are the public debts which a country owes to the public of a country through money that they have borrowed from public by issuing bonds and other types of securities..


and external debts are the foreign debts borrowed from different countries and are entitled to pay it off...not only countries but other lenders also...viz; IMF, world bank and so on...

and debt servicing is the amount paid for the the use of amount borrowed..i.e (interest paid on principle amount)

This is what i know regarding the specified topic......
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