What Are Arrears

What Are Arrears

Gain insights into the impact of scheduled maturity dates on debt liabilities, leading to specified debtor payments. Understand arrears in the context of debt liabilities, such as debt securities, loans and deposits, as well as their continuous recording until resolution through repayment, rescheduling, or forgiveness. Explore how unpaid interest costs increase the gross external debt position and how settling arrears reduces outstanding liabilities.