Govts public debt rose by 3.7% in April-June quarter

Written by fe Bureau | New Delhi | Updated: Aug 29 2014, 06:36am hrs
The government's public debt increased by 3.7% in the April-June quarter of FY15 compared to a 0.5% rise for the same period last fiscal, a finance ministry statement said on Thursday. In the first quarter, the government issued dated securities worth Rs 1.98 lakh crore or 33% of the budgeted gross borrowing figure for FY15. This is higher than R1.51 lakh crore issued in April-June last fiscal, or about 26.1% of FY 14 estimates. Net market borrowings in the quarter at 26.6% of the budgeted estimates were, however, lower than 28.6% of estimates in the previous year, reflecting higher repayments in the first quarter, it said.