Top 9 Methods for Redemption of Public Debt | Economics
The following points highlight top nine methods used for the redemption of public debt. The methods are: 1. Refunding 2. Use of Budgetary Surplus 3. Terminal Annuity 4. Sinking Fund 5. Debt Conversion 6. Statutory Reduction in the Rate of Interest 7. Additional Taxation 8. Capital Levy 9. Using Trade Surplus. Method # 1. Refunding: The government often issues new [...]