Authorities Debt Rises To Rs 147 Lakh Crore In Q2: Finance Ministry Report

New Delhi:

The overall 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 yr, in keeping with the most recent knowledge on public debt.

In share 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 mentioned.

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

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

The weighted common yield of major issuances hardened to 7.33 per cent in Q2 FY23 from 7.23 per cent in Q1 FY23, it mentioned, 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 increase any quantity via Money Administration Payments.

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

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

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

Financial Coverage Committee determined to hike the coverage repo charge 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 mentioned.

The possession sample of central authorities securities signifies that share of business banks stood at 38.3 per cent at September-end 2022 as towards 38.04 per cent on June 30, it mentioned.

With regard to overseas change reserves, the report mentioned, 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 towards the greenback as on July 1 stood at 79.09 as towards 81.55 on September 30, it mentioned.