Government Debt: Total government liabilities stand at Rs 146 lakh crore in first quarter: Finance Ministry report


Total government liabilities rose to Rs 145.72 lakh crore at the end of June 2022 from Rs 139.58 lakh crore at the end of March 2022, according to the latest government debt data. In percentage terms, it reflects a quarter-over-quarter increase of 4.40% in the first quarter of 2022-23.

Public debt represented 88.3% of total gross liabilities at the end of June 2022, up slightly from 88.1% at the end of March 2022, according to the quarterly report on public debt management published Friday by the Ministry of Finance. Finance.

The weighted average yield of primary issues of dated securities increased to 6.95% in the first quarter of FY23, compared to 6.66% in the fourth quarter of FY22.

The weighted average maturity of dated securities issues was less than 14.90 years in the first quarter of FY23 (17.56 years in the fourth quarter of FY22), he said.

The weighted average maturity of outstanding dated securities was higher at 11.87 years at the end of the first quarter of FY23, compared to 11.71 years at the end of the fourth quarter of FY22, he specified.

Back to recommendation stories



“The proportion of debt (dated securities) maturing in less than a year was higher at 4.14% at the end of June 2022 (3.88% at the end of March 2022). The proportion of debt maturing within 1 to 5 years at 24.76% cent at the end of June 2022 was lower than its level of 25.43% at the end of March 2022,” he said.

Debt maturing in the next five years represented 28.9% of the total outstanding debt at the end of June 2022, i.e. 5.78% of the outstanding amount on average must be repaid each year over the next five years, he said.

So, he said, rollover risk in dated securities portfolios remains low.

The gross central government fiscal deficit for 2022-23 has been budgeted at Rs 16,61,196 crore or 6.4% of GDP compared to the revised estimate of Rs 15,91,089 crore (6.71% of GDP) for 2021 -22.

The ownership pattern of central government securities shows that commercial banks’ share stood at 38.04 percent at the end of June 2022, up from 37.75 percent at the end of March 2022, he said.

“The share of insurance companies and provident funds at the end of June 2022 stood at 26.34% and 16.06%, respectively… the share of RBI declined to 16.06% at the end of June 2022 , compared to 16.62% at the end of March 2022″, It said.


Source link

John A. Bogar