Afternoon D & C Dedicated To Mumbai
Home > Business > Govt’s public debt rises by 2.53% in Jul-Sept quarter

Govt’s public debt rises by 2.53% in Jul-Sept quarter

Wednesday, December 06, 2017

Public debt of the central government rose by 2.53% to Rs 65.65 lakh crore in the July-September quarter compared to the previous quarter. "The Public Debt (excluding liabilities under the 'Public Account') of the central government provisionally increased to Rs 65,65,652 crore at end-September 2017 from Rs 64,03,138 crore at end-June 2017," the Quarterly Report on Public Debt Management for July-September 2017 said.

Internal debt constituted 93% of public debt at end-September 2017, while marketable securities accounted for 82.6% of public debt. About 27.8% of outstanding stock has a residual maturity of up to five years at end–September 2017, which implies that over the next five years, on an average, around 5.56% of outstanding stock needs to be repaid every year.

"Thus, rollover risk in the debt portfolio continues to be low," the report said. During the second quarter, the government issued dated securities worth Rs 1.89 lakh crore, higher than Rs 1.68 lakh crore in the first quarter, taking gross borrowings during the first half of 2017-18 to Rs 3.57 lakh crore, or 61.68% of Budget Estimate (BE), vis-a-vis 56.8% of BE in the first half of 2016-17.

"The liquidity in the economy remained in surplus, due to demonetisation, during the quarter. The cash position of the government during second quarter of 2017-18 was somewhat stressed and the Centre was required to resort to W & M advances from RBI on a few occasions," the report said.
 

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
A helpless and poor couple gave a first ...
In the fire safety drive, the BMC has ...
The building received an OC recently, claimed MHA
We hear words such as ‘Adolescence’ and ‘Puberty’
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)It is advisable to continue in your present work even if things move slowly. You may feel restless and uneasy but remain calm. Your benefits come from those close to you. You will find that you will do well with consistent hard work. Try not to get upset by delays. In marital relationships keep calm for there could be a clash of opinion over minor issues. Stay away from parties or outings.
- Advertising -
Sweet, tart and savoury, pies come with all kinds
Eating healthy when you are socialising or travel
Water fasting is the latest diet fad, lighting up
Read More