Central Government debt redefinition expands liabilities and adjusts for cash balance under amended FRBM Act. Amendment expands the definition of Central Government debt to include liabilities on the Consolidated Fund (including external debt at current exchange rates), public account liabilities, and certain financial liabilities of government owned or controlled entities repayable from the annual financial statement, reduced by available cash balance; defines General Government debt as the sum of Central and State Government debt excluding inter governmental liabilities; defines Gross Domestic Product at current market prices; and inserts definitions of real gross domestic product and real output growth while omitting clauses (e) and (f).
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Central Government debt redefinition expands liabilities and adjusts for cash balance under amended FRBM Act.
Amendment expands the definition of Central Government debt to include liabilities on the Consolidated Fund (including external debt at current exchange rates), public account liabilities, and certain financial liabilities of government owned or controlled entities repayable from the annual financial statement, reduced by available cash balance; defines General Government debt as the sum of Central and State Government debt excluding inter governmental liabilities; defines Gross Domestic Product at current market prices; and inserts definitions of real gross domestic product and real output growth while omitting clauses (e) and (f).
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