Press Information Bureau

Government of India

Ministry of Finance

09-February-2012 16:27 IST

The Central Government today released the seventh report, pertaining to the quarter October-December 2011 on Public Debt Management. Since September 2010, Department of Economic Affairs, Ministry of Finance has been bringing out a quarterly report on debt management.

The report is divided into five sections. Section 1 briefly describes the macroeconomic environment during the quarter – growth, inflation, capital flows etc.,- that have a bearing on debt markets. Section 2 details debt management operations in the primary market during the quarter – Government’s financing requirement, auction details, cost and maturity of borrowings, etc. The cash management operations during the quarter and their rationale are explained in Section 3. Section 4 provides an account of outstanding debt – cost and risk character, holding pattern and maturity profile. Finally, Section 5 details the secondary market activity in the Government securities market.

This report will be published every quarter. The complete report of this quarter is enclosed.

Click here to See Details of Quarterly Report October-December 2011

DSM/SS/GN

Public debt management: quarterly update on issuance, cash operations, maturity profile and market yield shifts affecting government financing. The quarterly Public Debt Management report for Oct-Dec 2011 links slowing growth, elevated inflation, subdued capital inflows and export deceleration to pressures on debt markets; it records that dated security issuances largely followed the calendar with cumulative borrowings covering most of the budgeted program, notes net negative treasury-bill issuance in the quarter and use of Cash Management Bills for cash mismatches, reports a rise in issuance weighted average maturity and yields, an increase in total public debt with marketable internal debt dominant, a decline in short term rollover exposure, and describes secondary market yield movements and concentrated trading activity.