Since 2010-11, the Central Government has been bringing out an annual Status Paper on Government Debt giving detailed analysis of the government’s debt position. The fourth edition of the Status Paper is being released today.

 The Status Paper attempts to consolidate all the relevant information on Government Debt in one publication and provide an assessment of the health of the public debt portfolio on internationally accepted debt performance indicators. Apart from enhancing transparency, the paper also offers a preview to the way forward. This paper reiterates the Government’s commitment to keep the level of Public Debt within sustainable limits.  

The Status Paper is available on Ministry of Finance’s website www.finmin.nic.in.

 

           

Government debt status paper: consolidated liabilities show predominantly domestic, long dated debt and sustainable risk indicators. The Status Paper consolidates Central and State liabilities, adjusts reported central government debt (netting MSS, restating external debt at current rates, and excluding certain NSSF financed state borrowings) and reports adjusted central liabilities at c.46.3% of GDP and general government liabilities at c.65.3% of GDP (end March 2014). It shows a predominantly domestic, fixed coupon, long dated debt stock with limited external exposure, modest short term and floating rate shares, and favourable sustainability indicators (AIC below nominal GDP growth; declining interest to revenue ratios), while urging active debt management and predictable issuance.