ICSE Class 10 Answered
What is meant by public debt?
Asked by Topperlearning User | 24 Apr, 2015, 07:39: AM
Expert Answer
When the planned expenditure of the government exceeds its total revenue, then the government needs to borrow money from an individual and organisation. This is called public debt.
Answered by | 24 Apr, 2015, 09:39: AM