**Executive Summary**
This document provides an overview of the Central Government Debt (CGD) and its components as of the second quarter of 2023 (April-June). It includes data on public debt, internal and external debt, other liabilities, and guaranteed debt, with comparisons to the previous period. The data is sourced from the Ministry of Finance, Department of Economic Affairs, Budget Division, and adheres to the Special Data Dissemination Standard (SDDS).
**Key Points / Main Content**
* **Central Government Debt (CGD) - Aggregate Data:**
* Total public debt (Internal and external debt) stood at ₹1,44,53,973.84 Crore.
* External debt was ₹9,20,105.79 Crore.
* Internal debt was ₹1,35,33,868.05 Crore.
* Other liabilities amounted to ₹17,35,593.74 Crore.
* Total debt (Public Debt + Other Liabilities) reached ₹1,61,89,567.58 Crore.
* Total guaranteed debt was ₹5,36,679.96 Crore.
* Outstanding guaranteed debt was ₹4,39,660.45 Crore.
* **Internal Debt Composition (Q2 2023):**
* Market loans totaled ₹93,97,550.77 Crore.
* 91-day Treasury Bills amounted to ₹2,06,798.00 Crore.
* 14-day Treasury Bills amounted to ₹1,72,686.57 Crore.
* 182-day Treasury Bills amounted to ₹3,57,790.82 Crore.
* 364-day Treasury Bills amounted to ₹4,47,711.79 Crore.
* Securities against Small Savings amounted to ₹23,90,982.54 Crore.
* Special Securities Issued to Public Sector Banks amounted to ₹2,90,947.60 Crore.
* **Public Account - Other Liabilities (Q2 2023):**
* National Small Savings Fund: ₹4,61,807.17 Crore
* State Provident Funds: ₹2,62,771.23 Crore
* Other Accounts: ₹4,09,770.65 Crore
* Reserve Funds & Deposits: ₹6,01,244.69 Crore
**Impact Analysis**
**Ministry of Finance, Department of Economic Affairs, Budget Division**
* **Impact:** Responsible for compiling, disseminating, and monitoring CGD data.
* **Action Required:** Ensure data accuracy, adherence to SDDS guidelines, and timely updates on the NSDP.
**RBI (Reserve Bank of India)**
* **Impact:** As the central bank, the RBI is involved in managing government debt and monetary policy.
* **Action Required:** Analyze the CGD data to inform monetary policy decisions and debt management strategies.
**Public Sector Banks**
* **Impact:** Involved as holders of special securities issued by the government.
* **Action Required:** Manage their portfolios considering the changes in the composition of government debt.
**General Public/Investors**
* **Impact:** The public, as investors and taxpayers, are indirectly affected by the levels and composition of government debt.
* **Action Required:** Review the information to understand the government's financial position.
Key Entities Referenced
Central Government Debt [CGD]: Data category for central government debt
Ministry of Finance. Department of Economic Affairs. Budget Division.: The government entity responsible for the data
Public Debt: Data category that reflects Public Debt data component
Special Data Dissemination Standard [SDDS] National Summary Data Page [NSDP]: Refers to the data reporting framework used
Ministry of Finance.Department of Economic Affairs. Budget Division.
Special Data Dissemination Standard [SDDS] National Summary Data Page [NSDP]
Central Government Debt [CGD]
SDDS DATA CATEGORY AND COMPONENT Unit of Period of Latest Data Latest Data Previous Data Percentage
Description change from
1. Public debt (2+3) ₹ Crore Apr/23 - Jun/23 1,44,53,973.84 1,40,05,677.25previous to 3.2%
2. External debt ₹ Crore Apr/23 - Jun/23 9,20,105.79 9,31,945.55 -1.3%
3. Internal debt ₹ Crore Apr/23 - Jun/23 1,35,33,868.05 1,30,73,731.70 3.5%
4. Other liabilities^^ ₹ Crore Apr/23 - Jun/23 17,35,593.74 16,51,922.30 5.1%
5. TOTAL DEBT (1+4) ₹ Crore Apr/23 - Jun/23 1,61,89,567.58 1,56,57,599.55 3.4%
Guaranteed debt
I. Total guaranteed debt ₹ Crore Apr/23 - Jun/23 5,36,679.96 5,22,822.83 2.7%
II. Outstanding guaranteed debt ₹ Crore Apr/23 - Jun/23 4,39,660.45 4,25,583.45 3.3%
FISCAL SECTOR
FISCAL SECTOR
SDDS DATA CATEGORY AND COMPONENT Foot notes Unit Date of Latest Data Data Observations More info
Description Observation*** Observations Latest Data-1** Metadata Home
Latest Data*
CENTRAL GOVERNMENT DEBT
A. Public debt
1.Internal Debt
(i) Market loans Crore of ₹ Q2 2023 93,97,550.77 91,41,217.06
(ii) Market loans in course of repayment Crore of ₹ Q2 2023 15.41 15.58
(iii) Market Stabilisation Bills / Bonds (Face Value) Crore of ₹ Q2 2023 0.00 0.00
(iv) 91 day Treasury Bills Crore of ₹ Q2 2023 2,06,798.00 1,14,937.64
(v) 91 day T.Bs funded into Spl Securities Crore of ₹ Q2 2023 0.00 0.00
(vi) Special Securities converted into Marketable Securities Crore of ₹ Q2 2023 16,687.95 24,687.95
(vii) Other Special Securities issued to RBI Crore of ₹ Q2 2023 0.00 0.00
(viii) 14 day Treasury Bills Crore of ₹ Q2 2023 1,72,686.57 2,13,983.94
(ix) 182 day Treasury Bills Crore of ₹ Q2 2023 3,57,790.82 2,63,091.60
(x) Market stabilisation Scheme Crore of ₹ Q2 2023 0.00 0.00
(xi) Ways and Means Advances Crore of ₹ Q2 2023 0.00 48,677.00
(xii) 364 day Treasury Bills Crore of ₹ Q2 2023 4,47,711.79 4,45,283.50
(xiii) Gold Bonds ^ Crore of ₹ Q2 2023 57,285.75 52,776.40
(xiv) Compensation & other bonds ## Crore of ₹ Q2 2023 97,437.53 1,01,708.29
(xv) Securities issued to International Financial Institutions Crore of ₹ Q2 2023 97,973.32 96,624.73
(xvi) Securities against Small Savings Crore of ₹ Q2 2023 23,90,982.54 22,79,780.41
(xvii) Cash Management Bills Crore of ₹ Q2 2023 0.00 0.00
(xviii) Special Securities Issued to Public Sector Banks Crore of ₹ Q2 2023 2,90,947.60 2,90,947.60
Total-Internal debt Crore of ₹ Q2 2023 1,35,33,868.05 1,30,73,731.70
2. External debt # Crore of ₹ Q2 2023 9,20,105.79 9,31,945.55
Total Public debt Crore of ₹ Q2 2023 1,44,53,973.84 1,40,05,677.25
B. Public Account - Other Liabilities Crore of ₹ Q2 2023 17,35,593.74 16,51,922.30
1. National Small Savings Fund ^^ Crore of ₹ Q2 2023 4,61,807.17 4,46,232.08
2. State Provident Funds Crore of ₹ Q2 2023 2,62,771.23 2,62,280.31
3. Other Accounts Crore of ₹ Q2 2023 4,09,770.65 4,10,080.12
(i) Special Deposits of Non-Government Provident Crore of ₹ Q2 2023 99,606.36 99,606.36
Funds,etc.
(ii) Other items. Crore of ₹ Q2 2023 3,10,164.29 3,10,473.76
4. Reserve Funds & Deposits Crore of ₹ Q2 2023 6,01,244.69 5,33,329.79
(i) Bearing interest Crore of ₹ Q2 2023 2,70,152.98 2,63,762.46
(ii) Not bearing interest Crore of ₹ Q2 2023 3,31,091.71 2,69,567.33
TOTAL DEBT Crore of ₹ Q2 2023 1,61,89,567.58 1,56,57,599.55
Guaranteed debt 55,289.79
(i) Total guaranteed debt Crore of ₹ Q2 2023 5,36,679.96 5,22,822.83
(ii) Outstanding guaranteed debt Crore of ₹ Q2 2023 4,39,660.45 4,25,583.45
Note: * Current, ** Previous, ***Q2= Second Quarter (Apr-Jun 2023)
https://dea.gov.in/central-government-borrowings
# Includes net cumulative SDR allocation from March 2004 onwards(Crore of ₹) 180574.79 183020.55
^ Includes Gold Monetisation Scheme ## Includes Special Securities issued against POLIF
^^ including Investment in -
(i) Special Securities of States under NSSF (Current Quarter): 347153.30(ii) NSSF Investments in public agencies (Current Qtr): 85350.00
EBR and cash balance not adjusted in Total Debt