India’s public debt declined marginally to Rs 55.73 lakh crore at the end of March 2016 (Q4), showing a quarter-on-quarter reduction of 0.04 per cent.
The debt (excluding liabilities under the Public Account) of the government was Rs 55.75 lakh crore at the end of December. Internal debt constituted 92 per cent of public debt, as compared with 92.3 per cent in the previous quarter, a quarterly report on debt management released by the Finance Ministry on Monday said. With regard to domestic borrowing, it said gross and net market borrowing requirements of the government for 2015-16 (FY16) were revised lower to Rs 5.85 lakh crore and Rs 4.40 lakh crore, which were lower by 1.18 per cent and 2.75 per cent, respectively, than Rs 5.92 lakh crore and Rs 4.53 lakh crore in the previous financial year. “The cash position of the government during the Q4 of FY16 was comfortable and remained in surplus mode during the quarter. The issuance amount under Treasury bills was also broadly as per calendar,” it said.