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Define Or Explain. Recovery of Debt - Economics

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प्रश्न

Define or Explain.

Recovery of Debt 

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उत्तर

Recovery of debt implies taking back the money lent by the government to others (state government, union territories, public sector undertakings etc.). It is a part of the capital receipts of the government budget. The government can use the recovered debt to purchase assets, leading to an increase in the assets of the government.

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अध्याय 14: Public Economics - Exercise 2 [पृष्ठ १२९]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 14 Public Economics
Exercise 2 | Q 1.4 | पृष्ठ १२९
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