**Executive Summary**
This document provides a summary of India's Central Government Debt (CGD) and other liabilities for the period of April-June 2025 (Q2 2025). It compares the latest data with previous data to show percentage changes. The report includes details on public debt, internal and external debt, guaranteed debt, and other liabilities.
**Key Points / Main Content**
* **Overall Debt Summary (Apr/25 - Jun/25):**
* Public Debt: ₹1,71,19,965.19 Crore (2.4% increase)
* External Debt: ₹10,92,010.78 Crore (2.8% increase)
* Internal Debt: ₹1,60,27,954.41 Crore (2.4% increase)
* Other Liabilities: ₹19,47,782.77 Crore (-3.1% decrease)
* Total Debt: ₹1,90,67,747.96 Crore (1.8% increase)
* Guaranteed Debt: ₹3,30,581.00 Crore (1.6% increase)
* **Internal Debt Components (Q2 2025):**
* Market Loans: ₹1,14,12,287.73 Crore (1.9% increase)
* 91-day Treasury Bills: ₹2,13,503.81 Crore (2.7% increase)
* 14-day Treasury Bills: ₹1,45,276.97 Crore (-23.0% decrease)
* 182-day Treasury Bills: ₹2,16,788.27 Crore (-2.9% decrease)
* 364-day Treasury Bills: ₹3,53,767.20 Crore (-1.6% decrease)
* Gold Bonds: ₹77,913.30 Crore (0.1% increase)
* Securities against Small Savings: ₹31,01,285.48 Crore (7.2% increase)
* **Public Account - Other Liabilities (Q2 2025):**
* National Small Savings Fund: ₹4,54,762.84 Crore (-23.4% decrease)
* State Provident Funds: ₹2,68,241.53 Crore (-1.5% decrease)
* Reserve Funds & Deposits: ₹8,64,956.93 Crore (9.9% increase)
**Impact Analysis**
**Government:**
* **Impact:** The government can analyse the increase/decrease of internal and external debt for better Debt management and fiscal planning.
* **Action Required:** Monitor the trends and implement appropriate fiscal policies to manage debt levels effectively.
**Financial Institutions:**
* **Impact:** Financial institutions holding government securities or managing public accounts may need to assess the changes in debt composition and interest rates.
* **Action Required:** Adjust investment strategies based on the government's borrowing patterns.
**General Public/Taxpayers:**
* **Impact:** Debt levels impact government spending on public services and potential tax burdens.
* **Action Required:** Stay informed about the nation's financial health to understand potential future economic policies.
Key Entities Referenced
Central Government Debt [CGD]: Scope of the data presented in the document, focusing on the debt of the central government.
Public debt: Combined external and internal debt of the Central Government.
Internal Debt: The internal debt component of Central Government Debt.
External debt: The external debt component of Central Government Debt.
Public Account - Other Liabilities: Government liabilities other than public debt.
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/25 - Jun/25 1,71,19,965.19 1,67,18,127.78previous to 2.4%
2. External debt ₹ Crore Apr/25 - Jun/25 10,92,010.78 10,62,035.03 2.8%
3. Internal debt ₹ Crore Apr/25 - Jun/25 1,60,27,954.41 1,56,56,092.75 2.4%
4. Other liabilities^^ ₹ Crore Apr/25 - Jun/25 19,47,782.77 20,09,287.70 -3.1%
5. TOTAL DEBT (1+4) ₹ Crore Apr/25 - Jun/25 1,90,67,747.96 1,87,27,415.48 1.8%
Guaranteed debt
I. Total guaranteed debt ₹ Crore Apr/25 - Jun/25 3,30,581.00 3,25,300.72 1.6%
II. Outstanding guaranteed debt ₹ Crore Apr/25 - Jun/25 3,30,581.00 3,25,300.72 1.6%
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 2025 1,14,12,287.73 1,12,00,148.04 1.9%
(ii) Market loans in course of repayment Crore of ₹ Q2 2025 15.65 15.65 0.0%
(iii) Market Stabilisation Bills / Bonds (Face Value) Crore of ₹ Q2 2025 0.00 0.00
(iv) 91 day Treasury Bills Crore of ₹ Q2 2025 2,13,503.81 2,07,814.51 2.7%
(v) 91 day T.Bs funded into Spl Securities Crore of ₹ Q2 2025 0.00 0.00
(vi) Special Securities converted into Marketable Securities Crore of ₹ Q2 2025 16,687.95 16,687.95
0.0%
(vii) Other Special Securities issued to RBI Crore of ₹ Q2 2025 0.00 0.00
(viii) 14 day Treasury Bills Crore of ₹ Q2 2025 1,45,276.97 1,88,643.64 -23.0%
(ix) 182 day Treasury Bills Crore of ₹ Q2 2025 2,16,788.27 2,23,177.64 -2.9%
(x) Market stabilisation Scheme Crore of ₹ Q2 2025 0.00 0.00
(xi) Ways and Means Advances Crore of ₹ Q2 2025 0.00 0.00
(xii) 364 day Treasury Bills Crore of ₹ Q2 2025 3,53,767.20 3,59,389.16 -1.6%
(xiii) Gold Bonds ^ Crore of ₹ Q2 2025 77,913.30 77,816.49 0.1%
(xiv) Compensation & other bonds ## Crore of ₹ Q2 2025 90,622.66 89,774.46 0.9%
(xv) Securities issued to International Financial Institutions Crore of ₹ Q2 2025 1,08,857.79 1,08,830.45
0.0%
(xvi) Securities against Small Savings Crore of ₹ Q2 2025 31,01,285.48 28,92,847.16 7.2%
(xvii) Cash Management Bills Crore of ₹ Q2 2025 0.00 0.00
(xviii) Special Securities Issued to Public Sector Banks Crore of ₹ Q2 2025 2,90,947.60 2,90,947.60 0.0%
Total-Internal debt Crore of ₹ Q2 2025 1,60,27,954.41 1,56,56,092.75 2.4%
2. External debt # Crore of ₹ Q2 2025 10,92,010.78 10,62,035.03 2.8%
Total Public debt Crore of ₹ Q2 2025 1,71,19,965.19 1,67,18,127.78 2.4%
B. Public Account - Other Liabilities Crore of ₹ Q2 2025 19,47,782.77 20,09,287.70 -3.1%
1. National Small Savings Fund ^^ Crore of ₹ Q2 2025 4,54,762.84 5,93,829.38 -23.4%
2. State Provident Funds Crore of ₹ Q2 2025 2,68,241.53 2,72,335.14 -1.5%
3. Other Accounts Crore of ₹ Q2 2025 3,59,821.47 3,56,031.83 1.1%
(i) Special Deposits of Non-Government Provident Crore of ₹ Q2 2025 96,670.69 96,994.31
Funds,etc. -0.3%
(ii) Other items. Crore of ₹ Q2 2025 2,63,150.78 2,59,037.52 1.6%
4. Reserve Funds & Deposits Crore of ₹ Q2 2025 8,64,956.93 7,87,091.35 9.9%
(i) Bearing interest Crore of ₹ Q2 2025 2,91,891.39 2,92,017.74 0.0%
(ii) Not bearing interest Crore of ₹ Q2 2025 5,73,065.54 4,95,073.61 15.8%
TOTAL DEBT Crore of ₹ Q2 2025 1,90,67,747.96 1,87,27,415.48 1.8%
Guaranteed debt
(i) Total guaranteed debt Crore of ₹ Q2 2025 3,30,581.00 3,25,300.72 1.6%
(ii) Outstanding guaranteed debt Crore of ₹ Q2 2025 3,30,581.00 3,25,300.72 1.6%
Note: * Current, ** Previous, ***Q2= Second Quarter (Apr-Jun 2025)
https://dea.gov.in/central-government-borrowings
# Includes net cumulative SDR allocation from March 2004 onwards(Crore of ₹) 194499.78 187735.03
^ Includes Gold Monetisation Scheme ## Includes Special Securities issued against POLIF
^^ including Investment in -
(i) Special Securities of States under NSSF (Current Quarter): 272378.33(ii) NSSF Investments in public agencies (Current Qtr): 35000.00
EBR and GoI cash balance not adjusted in Total Debt