Status Paper on government debt
GN Bureau | February 4, 2016
Status Paper on government debt has been released. According to it the overall liabilities of the central government are on a medium-term declining trajectory with the governments debt portfolio characterized by prudent risk profile.
The fifth edition of the status paper was released on Wednesday. Since 2010-11, the central government has been bringing-out an annual status paper on public debt that provides a detailed analysis of the overall debt position of the government of India.
This paper enhances transparency by providing a detailed account of debt operations and providing an assessment of the health of the public debt portfolio on internationally accepted debt performance indicators. The paper also includes some developments in debt markets since last status paper, such as issuance of non-standard maturity dated paper and issuance of 40 year paper etc.
The overall liabilities are on a medium-term declining trajectory. The government is primarily resorting to market linked borrowings for financing its fiscal deficit. Conventional indicators of debt sustainability, i.e. level and cost of debt, indicate that debt profile of the government is comfortably placed in terms of sustainability parameters of public debt and consistently improving.
The status paper: click here
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