How Government Liabilities have been Classified

·           Government liabilities have been broadly classified as debt contracted against the Consolidated Fund of India (defined as    Public Debt) and liabilities in the Public Account, called Other Liabilities.

·                       Public Debt is further classified into internal and external debt.

·                       Internal debt consists of Marketable debt and non-marketable debt.

·                       Government dated securities and Treasury Bills, issued through auctions, together comprises Marketable Debt.

·                       Intermediate Treasury Bills issued to State governments, special securities issued to National Small Savings Fund, securities issued to international financial institutions, etc., are part of nonmarketable internal debt.

·                       Other Liabilities include liabilities on account of Provident Funds, Reserve Funds and Deposits, Other Accounts, etc.·                        Government liabilities have been broadly classified as debt contracted against the Consolidated Fund of India (defined as  Public Debt) and liabilities in the Public Account, called Other Liabilities.

·                       Public Debt is further classified into internal and external debt.

·                       Internal debt consists of Marketable debt and non-marketable debt.

·                       Government dated securities and Treasury Bills, issued through auctions, together comprises Marketable Debt.

·        Intermediate Treasury Bills issued to State governments, special securities issued to National Small Savings Fund, securities issued to international financial institutions, etc., are part of nonmarketable internal debt.

·                       Other Liabilities include liabilities on account of Provident Funds, Reserve Funds and Deposits, Other Accounts, etc.

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