Distinguish among refinancing debt and retiring the debt
Distinguish among refinancing the debt and retiring the debt.
Expert
Refinancing the public debt merely refers rolling over outstanding debt—selling “new” bonds to retire maturing bonds. Retiring the debt refer purchasing bonds back through those who hold them or at maturity paying the bonds off.
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Workload Budget: Workload Budget means the budget year cost of presently authorized services, adjusted for modifications in caseload, enrollment, population, statutory cost-of-living adjustments, one-time expenditures, chaptered legislation, full-year
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