**Executive Summary**
This report presents the Central Government Debt (CGD) figures for the third quarter of 2023 (July-September), comparing them to the previous quarter. It details the composition of public, external, and internal debt, as well as other liabilities and guaranteed debt. The latest data observation date is for Q3 2023.
**Key Points / Main Content**
* **Central Government Debt (CGD) Overview:**
* Public debt (external + internal): ₹1,48,83,590.82 crore, a 3.0% increase.
* External debt: ₹9,30,633.82 crore, a 1.1% increase.
* Internal debt: ₹1,39,52,957.00 crore, a 3.1% increase.
* Other liabilities: ₹17,99,362.78 crore, a 3.7% increase.
* Total debt (public debt + other liabilities): ₹1,66,82,953.60 crore, a 3.0% increase.
* Total guaranteed debt: ₹4,61,662.46 crore, a 14.0% decrease.
* Outstanding guaranteed debt: ₹4,44,073.26 crore, a 1.0% increase.
* **Internal Debt Composition:**
* Market loans: ₹98,77,039.10 crore.
* Market loans in course of repayment: ₹16.07 crore.
* 91 day Treasury Bills: ₹1,75,177.06 crore.
* 14 day Treasury Bills: ₹1,08,617.25 crore.
* 182 day Treasury Bills: ₹2,92,117.72 crore.
* 364 day Treasury Bills: ₹4,58,022.68 crore.
* Gold Bonds: ₹64,095.71 crore.
* Compensation & other bonds: ₹92,562.13 crore.
* Securities issued to International Financial Institutions: ₹97,387.57 crore.
* Securities against Small Savings: ₹24,80,286.16 crore.
* Cash Management Bills: ₹0.00 crore.
* Special Securities Issued to Public Sector Banks: ₹2,90,947.60 crore.
* **Public Account - Other Liabilities:**
* National Small Savings Fund: ₹4,79,022.87 crore.
* State Provident Funds: ₹2,58,067.18 crore.
* Other Accounts: ₹4,08,765.26 crore, including Special Deposits of Non-Government Provident Funds etc. (₹98,877.05 crore) and other items (₹3,09,888.21 crore).
* Reserve Funds & Deposits: ₹6,53,507.47 crore, with Bearing interest (₹2,76,615.06 crore) and Not bearing interest (₹3,76,892.41 crore).
**Impact Analysis**
**Ministry of Finance / Government of India:**
* **Impact:** Provides a detailed overview of the central government's debt position, aiding in fiscal policy decisions and monitoring debt levels.
* **Action Required:** Analyze the debt composition and trends to manage debt efficiently and ensure fiscal sustainability.
**Investors / Financial Institutions:**
* **Impact:** Informs investment decisions by providing insights into the government's borrowing patterns and creditworthiness.
* **Action Required:** Assess the risk and return profiles of government securities based on the disclosed debt data.
**Public / Taxpayers:**
* **Impact:** Offers transparency regarding the government's financial obligations and how public funds are being managed.
* **Action Required:** Stay informed about the government's debt situation and its potential implications for the economy.
Key Entities Referenced
Central Government Debt [CGD]: The subject of the data, encompassing public and external debt, as well as other liabilities.
Public Account: A component of other liabilities under the fiscal sector data.
National Small Savings Fund: A component of other liabilities under the fiscal sector data.
Ministry of Finance: The primary ministry responsible for the data.
Special Data Dissemination Standard [SDDS] National Summary Data Page [NSDP]: The framework under which the data is being reported.
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 Jul/23 - Sep/23 1,48,83,590.82 1,44,53,973.84previous to 3.0%
2. External debt ₹ Crore Jul/23 - Sep/23 9,30,633.82 9,20,105.79 1.1%
3. Internal debt ₹ Crore Jul/23 - Sep/23 1,39,52,957.00 1,35,33,868.05 3.1%
4. Other liabilities^^ ₹ Crore Jul/23 - Sep/23 17,99,362.78 17,35,593.74 3.7%
5. TOTAL DEBT (1+4) ₹ Crore Jul/23 - Sep/23 1,66,82,953.60 1,61,89,567.58 3.0%
Guaranteed debt
I. Total guaranteed debt ₹ Crore Jul/23 - Sep/23 4,61,662.46 5,36,679.96 -14.0%
II. Outstanding guaranteed debt ₹ Crore Jul/23 - Sep/23 4,44,073.26 4,39,660.45 1.0%
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 ₹ Q3 2023 98,77,039.10 93,97,550.77
(ii) Market loans in course of repayment Crore of ₹ Q3 2023 16.07 15.41
(iii) Market Stabilisation Bills / Bonds (Face Value) Crore of ₹ Q3 2023 0.00 0.00
(iv) 91 day Treasury Bills Crore of ₹ Q3 2023 1,75,177.06 2,06,798.00
(v) 91 day T.Bs funded into Spl Securities Crore of ₹ Q3 2023 0.00 0.00
(vi) Special Securities converted into Marketable Crore of ₹ Q3 2023 16,687.95 16,687.95
Securities
(vii) Other Special Securities issued to RBI Crore of ₹ Q3 2023 0.00 0.00
(viii) 14 day Treasury Bills Crore of ₹ Q3 2023 1,08,617.25 1,72,686.57
(ix) 182 day Treasury Bills Crore of ₹ Q3 2023 2,92,117.72 3,57,790.82
(x) Market stabilisation Scheme Crore of ₹ Q3 2023 0.00 0.00
(xi) Ways and Means Advances Crore of ₹ Q3 2023 0.00 0.00
(xii) 364 day Treasury Bills Crore of ₹ Q3 2023 4,58,022.68 4,47,711.79
(xiii) Gold Bonds ^ Crore of ₹ Q3 2023 64,095.71 57,285.75
(xiv) Compensation & other bonds ## Crore of ₹ Q3 2023 92,562.13 97,437.53
(xv) Securities issued to International Financial Institutions Crore of ₹ Q3 2023 97,387.57 97,973.32
(xvi) Securities against Small Savings Crore of ₹ Q3 2023 24,80,286.16 23,90,982.54
(xvii) Cash Management Bills Crore of ₹ Q3 2023 0.00 0.00
(xviii) Special Securities Issued to Public Sector Banks Crore of ₹ Q3 2023 2,90,947.60 2,90,947.60
Total-Internal debt Crore of ₹ Q3 2023 1,39,52,957.00 1,35,33,868.05
2. External debt # Crore of ₹ Q3 2023 9,30,633.82 9,20,105.79
Total Public debt Crore of ₹ Q3 2023 1,48,83,590.82 1,44,53,973.84
B. Public Account - Other Liabilities Crore of ₹ Q3 2023 17,99,362.78 17,35,593.74
1. National Small Savings Fund ^^ Crore of ₹ Q3 2023 4,79,022.87 4,61,807.17
2. State Provident Funds Crore of ₹ Q3 2023 2,58,067.18 2,62,771.23
3. Other Accounts Crore of ₹ Q3 2023 4,08,765.26 4,09,770.65
(i) Special Deposits of Non-Government Provident Crore of ₹ Q3 2023 98,877.05 99,606.36
Funds,etc.
(ii) Other items. Crore of ₹ Q3 2023 3,09,888.21 3,10,164.29
4. Reserve Funds & Deposits Crore of ₹ Q3 2023 6,53,507.47 6,01,244.69
(i) Bearing interest Crore of ₹ Q3 2023 2,76,615.06 2,70,152.98
(ii) Not bearing interest Crore of ₹ Q3 2023 3,76,892.41 3,31,091.71
TOTAL DEBT Crore of ₹ Q3 2023 1,66,82,953.60 1,61,89,567.58
Guaranteed debt
(i) Total guaranteed debt Crore of ₹ Q3 2023 4,61,662.46 5,36,679.96
(ii) Outstanding guaranteed debt Crore of ₹ Q3 2023 4,44,073.26 4,39,660.45
Note: * Current, ** Previous, ***Q3= Third Quarter (Jul-Sep 2023)
https://dea.gov.in/central-government-borrowings
# Includes net cumulative SDR allocation from March 2004 onwards(Crore of ₹) 180569.82 180574.79
^ Includes Gold Monetisation Scheme ## Includes Special Securities issued against POLIF
^^ including Investment in -
(i) Special Securities of States under NSSF (Current Quarter): 340980.64(ii) NSSF Investments in public agencies (Current Qtr): 85000.00
EBR and cash balance not adjusted in Total Debt