**Executive Summary**
The report presents the Central Government Debt (CGD) data, comparing the latest data from January-March 2022 (Q1 2022) with previous periods. It includes details on public, external, and internal debt, along with other liabilities and guaranteed debt. The data is sourced from the Ministry of Finance, Department of Economic Affairs, Budget Division.
**Key Points / Main Content**
* **Overall Debt (Jan/22 - Mar/22):**
* Total Debt: ₹1,33,22,727.03 Crore (3.7% change)
* Public Debt: ₹1,22,94,751.44 Crore (4.5% change)
* External Debt: ₹8,32,408.64 Crore (1.9% change)
* Internal Debt: ₹1,14,62,342.80 Crore (4.7% change)
* Other Liabilities: ₹10,27,975.59 Crore (-4.7% change)
* Total Guaranteed Debt: ₹5,59,737.81 Crore (8.8% change)
* Outstanding Guaranteed Debt: ₹4,18,682.64 Crore (15.8% change)
* **Internal Debt (Q1 2022):**
* Market Loans: ₹80,26,708.87 Crore
* Market Loans in course of repayment: ₹16.09 Crore
* Market Stabilization Bills/Bonds (Face Value): ₹0.00 Crore
* 91 day Treasury Bills: ₹1,38,735.95 Crore
* 91 day T.Bs funded into Spl Securities: ₹0.00 Crore
* Special Securities converted into Marketable Securities: ₹33,359.99 Crore
* Other Special Securities issued to RBI: ₹0.00 Crore
* 14 day Treasury Bills: ₹2,16,766.00 Crore
* 182 day Treasury Bills: ₹2,10,666.06 Crore
* Market stabilisation Scheme: ₹0.00 Crore
* Ways and Means Advances: ₹0.00 Crore
* 364 day Treasury Bills: ₹4,07,796.43 Crore
* Gold Bonds: ₹45,558.65 Crore
* Compensation & other bonds: ₹1,06,537.01 Crore
* Securities issued to International Financial Institutions: ₹1,01,329.47 Crore
* Securities against Small Savings: ₹18,83,920.68 Crore
* Cash Management Bills: ₹0.00 Crore
* Special Securities Issued to Public Sector Banks: ₹2,90,947.60 Crore
* **Other Liabilities (Q1 2022):**
* National Small Savings Fund: ₹24,742.26 Crore
* State Provident Funds: ₹2,57,144.46 Crore
* Other Accounts: ₹3,26,259.80 Crore
* Special Deposits of Non-Government Provident Funds, etc.: ₹1,00,240.49 Crore
* Other items: ₹2,26,019.31 Crore
* Reserve Funds & Deposits: ₹4,19,829.07 Crore
* Bearing interest: ₹2,48,860.28 Crore
* Not bearing interest: ₹1,70,968.79 Crore
**Impact Analysis**
**Ministry of Finance / Government:**
* **Impact:** Provides a snapshot of the central government's debt position as of Q1 2022, essential for fiscal policy and economic planning.
* **Action Required:** Monitor debt levels and trends to manage fiscal stability and ensure sustainable borrowing practices.
**RBI (Reserve Bank of India):**
* **Impact:** The data will inform monetary policy decisions, particularly regarding interest rates, liquidity management, and management of the government's borrowing program.
* **Action Required:** Utilize the data to assess the impact of government debt on the financial system and to calibrate monetary policy instruments accordingly.
**International Financial Institutions/Investors:**
* **Impact:** Enables informed investment decisions, assessing the country's creditworthiness and economic stability.
* **Action Required:** Evaluate the report in conjunction with other economic indicators to determine the risk profile associated with investments in India.
**General Public/Taxpayers:**
* **Impact:** Indicates the government's financial burden, which ultimately affects taxpayers.
* **Action Required:** Understand the overall trend of government debt, which is an indicator of how taxpayer money is managed.
Key Entities Referenced
Central Government Debt [CGD]: Data related to the debt of the central government of India.
Public debt: Total debt including external and internal debt
Internal debt: Debt raised from within the country
External debt: Debt borrowed from sources outside the country
Ministry of Finance: Primary governmental body responsible for managing the finances of India.
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 Jan/22 - Mar/22 1,22,94,751.44 1,17,63,351.43previous to 4.5%
2. External debt ₹ Crore Jan/22 - Mar/22 8,32,408.64 8,16,829.36 1.9%
3. Internal debt ₹ Crore Jan/22 - Mar/22 1,14,62,342.80 1,09,46,522.07 4.7%
4. Other liabilities^^ ₹ Crore Jan/22 - Mar/22 10,27,975.59 10,78,645.03 -4.7%
5. TOTAL DEBT (1+4) ₹ Crore Jan/22 - Mar/22 1,33,22,727.03 1,28,41,996.46 3.7%
Guaranteed debt
I. Total guaranteed debt ₹ Crore Jan/22 - Mar/22 5,59,737.81 5,14,496.30 8.8%
II. Outstanding guaranteed debt ₹ Crore Jan/22 - Mar/22 4,18,682.64 3,61,404.61 15.8%
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 ₹ Q1 2022 80,26,708.87 79,13,184.35
(ii) Market loans in course of repayment Crore of ₹ Q1 2022 16.09 16.20
(iii) Market Stabilisation Bills / Bonds (Face Value) Crore of ₹ Q1 2022 0.00 0.00
(iv) 91 day Treasury Bills Crore of ₹ Q1 2022 1,38,735.95 2,49,067.17
(v) 91 day T.Bs funded into Spl Securities Crore of ₹ Q1 2022 0.00 0.00
(vi) Special Securities converted into Marketable Securities Crore of ₹ Q1 2022 33,359.99 33,410.99
(vii) Other Special Securities issued to RBI Crore of ₹ Q1 2022 0.00 0.00
(viii) 14 day Treasury Bills Crore of ₹ Q1 2022 2,16,766.00 1,40,800.84
(ix) 182 day Treasury Bills Crore of ₹ Q1 2022 2,10,666.06 97,428.42
(x) Market stabilisation Scheme Crore of ₹ Q1 2022 0.00 0.00
(xi) Ways and Means Advances Crore of ₹ Q1 2022 0.00 0.00
(xii) 364 day Treasury Bills Crore of ₹ Q1 2022 4,07,796.43 3,46,373.00
(xiii) Gold Bonds ^ Crore of ₹ Q1 2022 45,558.65 42,507.36
(xiv) Compensation & other bonds Crore of ₹ Q1 2022 1,06,537.01 1,03,966.17
(xv) Securities issued to International Financial Institutions Crore of ₹ Q1 2022 1,01,329.47 1,01,217.42
(xvi) Securities against Small Savings Crore of ₹ Q1 2022 18,83,920.68 16,32,202.55
(xvii) Cash Management Bills Crore of ₹ Q1 2022 0.00 0.00
(xviii) Special Securities Issued to Public Sector Banks Crore of ₹ Q1 2022 2,90,947.60 2,86,347.60
Total-Internal debt Crore of ₹ Q1 2022 1,14,62,342.80 1,09,46,522.07
2. External debt # Crore of ₹ Q1 2022 8,32,408.64 8,16,829.36
Total Public debt Crore of ₹ Q1 2022 1,22,94,751.44 1,17,63,351.43
B. Other Liabilities Crore of ₹ Q1 2022 10,27,975.59 10,78,645.03
1. National Small Savings Fund Crore of ₹ Q1 2022 24,742.26 1,19,719.81
2. State Provident Funds Crore of ₹ Q1 2022 2,57,144.46 2,46,177.36
3. Other Accounts Crore of ₹ Q1 2022 3,26,259.80 3,23,791.83
(i) Special Deposits of Non-Government Provident Crore of ₹ Q1 2022 1,00,240.49 1,00,573.85
Funds,etc.
(ii) Other items. Crore of ₹ Q1 2022 2,26,019.31 2,23,217.98
4. Reserve Funds & Deposits Crore of ₹ Q1 2022 4,19,829.07 3,88,956.03
(i) Bearing interest Crore of ₹ Q1 2022 2,48,860.28 2,24,100.51
(ii) Not bearing interest Crore of ₹ Q1 2022 1,70,968.79 1,64,855.52
TOTAL DEBT Crore of ₹ Q1 2022 1,33,22,727.03 1,28,41,996.46
Guaranteed debt
(i) Total guaranteed debt Crore of ₹ Q1 2022 5,59,737.81 5,14,496.30
(ii) Outstanding guaranteed debt Crore of ₹ Q1 2022 4,18,682.64 3,61,404.61
Note: * Current, ** Previous, ***Q1= First Quarter (Jan - Mar 2022)
https://dea.gov.in/central-government-borrowings
# Includes net cumulative SDR allocation and accrued interest thereon at end-March 2022
^ Includes Gold Monetisation Scheme
^^ Excluding NSSF Investment in Special State Government Securities