Government Debt Rises By 1% To Rs 147 Lakh Crore In Q2: Finance Ministry Report

New Delhi:

The whole liabilities of the federal government elevated to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore on the finish of June this fiscal 12 months, in line with the newest knowledge on public debt.

In proportion phrases, it displays a quarter-on-quarter improve of 1 per cent in second quarter of 2022-23.

Public debt accounted for 89.1 per cent of complete gross liabilities at September-end 2022, up from 88.3 per cent as on June 30, the quarterly report on public debt administration launched by the finance ministry on Tuesday stated.

Practically 29.6 per cent of the excellent dated securities had a residual maturity of lower than 5 years, it stated.

Throughout the second quarter, it stated, the central authorities raised Rs 4,06,000 crore via dated securities, as in opposition to notified quantity of Rs 4,22,000 crore within the borrowing calendar, whereas repayments had been at Rs 92,371.15 crore.

The weighted common yield of main issuances hardened to 7.33 per cent in Q2 FY23 from 7.23 per cent in Q1 FY23, it stated, including, the weighted common maturity of recent issuances of dated securities was decrease at 15.62 years in Q2 as in comparison with 15.69 years in Q1.

Throughout July-September 2022, the central authorities didn’t elevate any quantity via Money Administration Payments.

The Reserve Financial institution didn’t conduct Open Market operations for presidency securities through the quarter.

The online each day common liquidity absorption by RBI beneath Liquidity Adjustment Facility (LAF) together with Marginal Standing Facility and Particular Liquidity Facility was at Rs 1,28,323.37 crore through the quarter, it stated.

The yields on authorities securities in secondary market hardened in short-end curve as a result of near-term inflation and liquidity concern although softening of yield was noticed for the longer tenure securities through the second quarter, it stated.

Financial Coverage Committee determined to hike the coverage repo price by 100 bps, i.e., from 4.90 per cent to five.90 per cent throughout Q2 largely with an intention to comprise inflation, it stated.

The possession sample of central authorities securities signifies that share of economic banks stood at 38.3 per cent at September-end 2022 as in opposition to 38.04 per cent on June 30, it stated.

With regard to international alternate reserves, the report stated, it stood at USD 532.66 billion as on September 30, 2022, moderated from USD 638.64 billion on September 24, 2021.

Between July 1, 2022 and September 30, 2022, the rupee depreciated by 3.11 per cent. The worth of rupee in opposition to the greenback as on July 1 stood at 79.09 as in opposition to 81.55 on September 30, it stated.