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Define Or Explain. Recovery of Debt - Economics

Short Note

Define or Explain.

Recovery of Debt 

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Solution

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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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 14 Public Economics
Exercise | Q 1.4 | Page 129
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