**Executive Summary**
The document is the Special Data Dissemination Standard (SDDS) National Summary Data Page (NSDP) for Central Government Debt (CGD) for the period of Jul/25 - Sep/25 (Q3 2025). It provides data on various components of central government debt, comparing the latest data with the previous observations. It includes figures on public debt, external debt, internal debt, other liabilities, and guaranteed debt.
**Key Points / Main Content**
* **Central Government Debt (CGD) Overview:**
* Total Public Debt (2+3): ₹ 1,75,15,285.16 Crore (2.3% increase)
* External Debt: ₹ 11,26,681.93 Crore (3.2% increase)
* Internal Debt: ₹ 1,63,88,603.23 Crore (2.3% increase)
* Other Liabilities: ₹ 19,46,931.19 Crore (0.0% change)
* Total Debt (1+4): ₹ 1,94,62,216.35 Crore (2.1% increase)
* **Guaranteed Debt:**
* Total guaranteed debt: ₹ 3,36,483.83 Crore (1.8% increase)
* Outstanding guaranteed debt: ₹ 3,36,483.83 Crore (1.8% increase)
* **Internal Debt Components (Q3 2025):**
* Market Loans: ₹ 1,17,12,424.43 Crore (2.6% increase)
* 91 day Treasury Bills: ₹ 2,13,762.36 Crore (0.1% increase)
* 14 day Treasury Bills: ₹ 97,854.55 Crore (32.6% decrease)
* 182 day Treasury Bills: ₹ 1,80,680.28 Crore (16.7% decrease)
* 364 day Treasury Bills: ₹ 3,59,837.67 Crore (1.7% increase)
* Gold Bonds: ₹ 75,662.24 Crore (2.9% decrease)
* Compensation & other bonds: ₹ 93,079.64 Crore (2.7% increase)
* Securities issued to International Financial Institutions: ₹ 1,08,439.26 Crore (0.4% decrease)
* Securities against Small Savings: ₹ 32,55,899.79 Crore (5.0% increase)
* Special Securities Issued to Public Sector Banks: ₹ 2,90,947.60 Crore (0.0% change)
* **Public Account Other Liabilities (Q3 2025):**
* National Small Savings Fund: ₹ 3,80,578.75 Crore (16.3% decrease)
* State Provident Funds: ₹ 2,65,035.01 Crore (1.2% decrease)
* Other Accounts: ₹ 3,59,135.97 Crore (0.2% decrease)
* Reserve Funds & Deposits: ₹ 9,42,181.46 Crore (8.9% increase)
**Impact Analysis**
**Ministry of Finance, Department of Economic Affairs, Budget Division:**
* **Impact:** Responsible for compiling and disseminating the data on central government debt.
* **Action Required:** Continue monitoring and reporting debt data as per SDDS requirements.
**Government and Policy Makers:**
* **Impact:** The data provides insights into the composition and trends of government debt, which is crucial for fiscal policy decisions.
* **Action Required:** Analyze the debt data to formulate effective debt management strategies.
**Investors and Financial Institutions:**
* **Impact:** The data impacts investment decisions and risk assessments related to government securities.
* **Action Required:** Monitor debt levels and composition to assess the creditworthiness of the government and adjust investment strategies accordingly.
**General Public:**
* **Impact:** The data affects the public's understanding of the government's financial position and its ability to fund public services.
* **Action Required:** Stay informed about government debt levels and their potential impact on the economy.
Key Entities Referenced
Central Government Debt [CGD]: Overview of the Central Government Debt components and liabilities
Ministry of Finance.Department of Economic Affairs: Responsible for the data and policy presented in the document.
Special Data Dissemination Standard [SDDS] National Summary Data Page [NSDP]: The reporting framework under which this data is disclosed.
Public debt: Total debt, comprising internal and external components
National Small Savings Fund: A component of Public Account Other Liabilities.
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/25 - Sep/25 1,75,15,285.16 1,71,19,965.19previous to 2.3%
2. External debt ₹ Crore Jul/25 - Sep/25 11,26,681.93 10,92,010.78 3.2%
3. Internal debt ₹ Crore Jul/25 - Sep/25 1,63,88,603.23 1,60,27,954.41 2.3%
4. Other liabilities^^ ₹ Crore Jul/25 - Sep/25 19,46,931.19 19,47,782.77 0.0%
5. TOTAL DEBT (1+4) ₹ Crore Jul/25 - Sep/25 1,94,62,216.35 1,90,67,747.96 2.1%
Guaranteed debt
I. Total guaranteed debt ₹ Crore Jul/25 - Sep/25 3,36,483.83 3,30,581.00 1.8%
II. Outstanding guaranteed debt ₹ Crore Jul/25 - Sep/25 3,36,483.83 3,30,581.00 1.8%
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 ₹ Q3 2025 1,17,12,424.43 1,14,12,287.73 2.6%
(ii) Market loans in course of repayment Crore of ₹ Q3 2025 15.41 15.65 -1.5%
(iii) Market Stabilisation Bills / Bonds (Face Value) Crore of ₹ Q3 2025 0.00 0.00
(iv) 91 day Treasury Bills Crore of ₹ Q3 2025 2,13,762.36 2,13,503.81 0.1%
(v) 91 day T.Bs funded into Spl Securities Crore of ₹ Q3 2025 0.00 0.00
(vi) Special Securities converted into Marketable Crore of ₹ Q3 2025 0.00 16,687.95 -100.0%
Securities
(vii) Other Special Securities issued to RBI Crore of ₹ Q3 2025 0.00 0.00
(viii) 14 day Treasury Bills Crore of ₹ Q3 2025 97,854.55 1,45,276.97 -32.6%
(ix) 182 day Treasury Bills Crore of ₹ Q3 2025 1,80,680.28 2,16,788.27 -16.7%
(x) Market stabilisation Scheme Crore of ₹ Q3 2025 0.00 0.00
(xi) Ways and Means Advances Crore of ₹ Q3 2025 0.00 0.00
(xii) 364 day Treasury Bills Crore of ₹ Q3 2025 3,59,837.67 3,53,767.20 1.7%
(xiii) Gold Bonds ^ Crore of ₹ Q3 2025 75,662.24 77,913.30 -2.9%
(xiv) Compensation & other bonds ## Crore of ₹ Q3 2025 93,079.64 90,622.66 2.7%
(xv) Securities issued to International Financial Institutions Crore of ₹ Q3 2025 1,08,439.26 1,08,857.79
-0.4%
(xvi) Securities against Small Savings Crore of ₹ Q3 2025 32,55,899.79 31,01,285.48 5.0%
(xvii) Cash Management Bills Crore of ₹ Q3 2025 0.00 0.00
(xviii) Special Securities Issued to Public Sector Banks Crore of ₹ Q3 2025 2,90,947.60 2,90,947.60 0.0%
Total-Internal debt Crore of ₹ Q3 2025 1,63,88,603.23 1,60,27,954.41 2.3%
2. External debt # Crore of ₹ Q3 2025 11,26,681.93 10,92,010.78 3.2%
Total Public debt Crore of ₹ Q3 2025 1,75,15,285.16 1,71,19,965.19 2.3%
B. Public Account - Other Liabilities Crore of ₹ Q3 2025 19,46,931.19 19,47,782.77 0.0%
1. National Small Savings Fund ^^ Crore of ₹ Q3 2025 3,80,578.75 4,54,762.84 -16.3%
2. State Provident Funds Crore of ₹ Q3 2025 2,65,035.01 2,68,241.53 -1.2%
3. Other Accounts Crore of ₹ Q3 2025 3,59,135.97 3,59,821.47 -0.2%
(i) Special Deposits of Non-Government Provident Crore of ₹ Q3 2025 96,000.97 96,670.69 -0.7%
Funds,etc.
(ii) Other items. Crore of ₹ Q3 2025 2,63,135.00 2,63,150.78 0.0%
4. Reserve Funds & Deposits Crore of ₹ Q3 2025 9,42,181.46 8,64,956.93 8.9%
(i) Bearing interest Crore of ₹ Q3 2025 2,98,846.91 2,91,891.39 2.4%
(ii) Not bearing interest Crore of ₹ Q3 2025 6,43,334.55 5,73,065.54 12.3%
TOTAL DEBT Crore of ₹ Q3 2025 1,94,62,216.35 1,90,67,747.96 2.1%
Guaranteed debt
(i) Total guaranteed debt Crore of ₹ Q3 2025 3,36,483.83 3,30,581.00 1.8%
(ii) Outstanding guaranteed debt Crore of ₹ Q3 2025 3,36,483.83 3,30,581.00 1.8%
Note: * Current, ** Previous, ***Q3= Third Quarter (Jul-Sep 2025)
https://dea.gov.in/central-government-borrowings
# Includes net cumulative SDR allocation from March 2004 onwards(Crore of ₹) 201439.93 194499.78 3.6%
(i) ^^ including Investment in Special Securities of States under NSSF (Crore of ₹): 264359.95 272378.33 -2.9%
(ii) ^^ including NSSF Investments in public agencies (Crore of ₹): 35300.00 35000.00 0.9%
^ Includes Gold Monetisation Scheme
## Includes Special Securities issued against POLIF
EBR and GoI cash balance not adjusted in Total Debt