Government’s outstanding domestic debt tops 33.9 per cent of GDP
10 Feb 2012
The total outstanding internal debt of the government stood at Rs30,41,895 crore as of end-September 2011, constituting 33.9 per cent of the country's GDP compared with 32.7 per cent at end-September 2011.
The total public debt (excluding liabilities that are not classified under public debt) of the government increased to Rs33,82,645 crore during the quarter ended December 2011 from Rs32,76,368 crore in the previous quarter ended September 2011, representing a 3.2 per cent increase from the previous quarter.
The government's public debt had grown 4.7 per cent quarter-on-quarter in the previous quarter (Q2) of this fiscal.
Internal debt constituted 89.9 per cent of the country's public debt, compared with 89.6 per cent at the end of the previous quarter.
Marketable securities (consisting of rupee denominated dated securities and treasury bills/cash management bills) accounted for 79.1 per cent of total public debt, compared with 78.4 per cent at end-September 2011.
The average maturity of outstanding stock of dated securities as at end-December 2011 declined marginally to 9.66 years from 9.68 years at end-September 2011. Over the same period, the weighted average coupon of outstanding stock increased to 7.84 per cent from 7.83 per cent a quarter ago.
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