Govt’s public debt rose by 3.7% in April-June quarter

Aug 29 2014, 01:06 IST
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SummaryThe 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.

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.

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