India's public debt decreased with the margin of to Rs.55.73 lakh crore

Business
May 24 2016 11:41 AM
Shraddha

India's public debt decreased with the margin of to Rs.55.73 lakh crore

An official statement said India's public debt decreased with the margin of to Rs.55.73 lakh crore at the end of the fiscal year, registering a fall over the previous quarter of 0.04 per cent.

In the year 2015-16, there has been an accumulation of $18.54 billion to the foreign exchange reserves which touched $360.1762 billion at this March.

"Gross and net market borrowing requirements of the government for FY16 were revised lower to Rs.5, 85,000 crore and Rs.4,40,608 crore, which were lower by 1.18 percent and 2.75 percent, respectively, than Rs.5,92,000 crore and Rs.4,53,205 crore in FY15," it said.

"The cash position of the government during Q4 of FY16 was comfortable and remained in surplus mode during the quarter.

The issuance amount under Treasury bills was also broadly as per calendar," it added. The quarterly report on debt management released by the finance ministry said Government debt excluding liabilities under the Public Account was at Rs 55.75 lakh crore at the end of December 2015.

To complete its gross borrowings of Rs.5, 85,000 crore for FY 16 Government issued dated securities worth Rs.84, 000 crore.

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