Government Debt

The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. In percentage terms, it reflects a quarter-on-quarter increase of 1 per cent in second quarter of 2022-23. Public debt accounted for 89.1 per cent of total gross liabilities at September-end 2022, up from 88.3 per cent as on June 30, the quarterly report on public debt management released by the finance ministry on Tuesday said. Nearly 29.6 per cent of the outstanding dated securities had a residual maturity of less than 5 years, it said. During the second quarter, it said, the central government raised Rs 4,06,000 crore through dated securities, as against notified amount of Rs 4,22,000 crore in the borrowing calendar, while repayments were at Rs 92,371.15 crore. The weighted average yield of primary issuances hardened to 7.33 per cent in Q2 FY23 from 7.23 per cent in Q1 FY23, it said

Analysts at JPMorgan put an 'underweight', or sell sign, on international emerging market sovereign debt on Friday due to the global economic slowdown and ongoing rise in interest rates and dollar

Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events

Government committed to its fiscal deficit targets, says senior civil servant

He shared a chart sharing such details and said while the government's debt in 2014 was Rs 56 lakh crore, it is Rs 139 lakh crore in 2022.

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.

The higher average maturity lowers the rollover risk, the Survey noted

Government debt is held predominantly in domestic currency: MoS Finance

The Centre's debt was at 58.8 per cent of GDP in FY21. It fell slightly to 57.6 per cent in the first quarter of FY22

In emerging markets, South Africa and India had the biggest increases in government debt ratios last year

Even before Covid-19 struck the economy, government was borrowing at a rate that was very close to the nominal GDP growth

In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore

Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management released on Friday said

General government debt-to-GDP ratio stood at 75 per cent in FY20, according to the report by economists of Motilal Oswal Financial Services

The government's debt rose to 75% of GDP in FY20 from 70% in FY18 and is likely to reach 91% in FY21, according to estimates from the EcoScope report of Motilal Oswal Financial Services.

The central bank may be trying to increase the attraction of sovereign debt by letting yields rise, according to PNB Gilts Ltd

Debt levels in many states are already way above the recommended 20 per cent of GDP mark

Nurturing a relationship with foreign investors is particularly important when it comes to the long-term objective of borrowing in times of a calamity

Govt debt is the only interest-yielding risk-free asset in any country