Externally held public debt and internally held public debt
How does an internally held public debt vary from an externally held public debt?
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An internally held debt is one wherein the bondholders live in the nation containing the debt; externally held debt is one wherein the bondholders are citizens of another nation.
Current Year (CY): It is a term utilized in budgeting and accounting to designate the operations of the current fiscal year in contrast to past or future periods.
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