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Rediff.com  » Business » India's public debt rises to Rs 26,97,940 cr

India's public debt rises to Rs 26,97,940 cr

September 03, 2010 19:27 IST
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India's public debt increased by 4.1 per cent to Rs 26,97,940 crore (Rs 26.97 trillion) during the first quarter of the fiscal, according to the latest data.

The total public debt of the country on March 31 was Rs 25,92,945 crore (Rs 25.92 trillion). Of the total, internal debt accounted for 89.75 per cent of public debt in the April-June quarter, while the share of external debt was 10.25 per cent.

The internal debt stood at Rs 24,21,370 crore (Rs 24.21 billion) as of June 30, up 4.5 per cent from Rs 23,16,376 crore (Rs 23.16 trillion) at the end of March 31.

Marketable securities, which comprise treasury bills and dated securities and form a part of internal debt, accounted for 76.54 per cent of the total public debt of the country during the quarter under review.

Non-marketable securities -- including 14-day treasury bills, securities issued to FIIs and compensation, among others -- had a share of 13.21 per cent in the total public debt.

The total debt from external sources during the April- June quarter, however, stood at the same level of Rs 2,76,570 crore (Rs 2.76 trillion) as in the previous quarter.

Out of the external debt of the country, multilateral debt had a share of 6.27 per cent, while the share of bilateral debts was 2.94 per cent and debt from the International Monetary Fund constituted 1.01 per cent of the country's total public debt.

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