Arise when governments fail to pay suppliers, contractors, or pensioners on time. This is often used as a form of "forced financing" to hide the true size of a fiscal deficit.
Employees typically work for a set period (like a month) and are paid at the end of that period. arrears
'Cyclic syndrome' of arrears and efficiency of Indian judiciary Arise when governments fail to pay suppliers, contractors,
Water, electricity, and gas bills are often generated based on actual usage recorded over the previous month. arrears