New Delhi, May 24: India’s public debt declined marginally to Rs.55.73 lakh crore on the finish of the final fiscal in March, registering a fall over the earlier quarter of zero.04 %, an official assertion mentioned on Monday.
Authorities debt (excluding liabilities beneath the Public Account) was at Rs 55.75 lakh crore on the finish of December 2015, mentioned the quarterly report on debt administration launched by the finance ministry.
Authorities’s home borrowing for 2015-16 have been revised downwards, it mentioned.
“Authorities issued dated securities price Rs.84,000 crore to finish its gross borrowings of Rs.5,85,000 crore for FY 16.
“Gross and internet market borrowing necessities of the federal government for FY16 had been revised decrease to Rs.5,85,000 crore and Rs.four,40,608 crore, which had been decrease by 1.18 % and a pair of.75 p.c, respectively, than Rs.5,92,000 crore and Rs.four,53,205 crore in FY15,” it stated.
“The money place of the federal government throughout This fall of FY16 was comfy and remained in surplus mode throughout the quarter. The issuance quantity beneath Treasury payments was additionally broadly as per calendar,” it added.
The excellent inside debt of the federal government at Rs.5,130,179 crore constituted 37.eight % of GDP at end-March 2016, as in comparison with 38.7 p.c of GDP at end-December 2015.
Central authorities dated securities continued to account for a dominant portion of complete buying and selling volumes within the fourth quarter of 2015-16, it mentioned.
Net inflows within the type of overseas direct funding through the quarter in query have been strong and greater than adequate to fund the exterior financing necessities, the report added.
Throughout 2015-16, there was an accretion of $18.54 billion to the international change reserves which touched $360.1762 billion at end-March 2016.
