Total public debt increases by 3.5% in April-June 2015
Q. Government has increased total debt in the April-June period of the current fiscal as against previous quarter by how much?- Published on 20 Sep 15a. 3.2%
b. 3.3%
c. 3.4%
d. 3.5%
ANSWER: 3.5%
GoI has increased total debt by 3.5% in April-June period of fiscal 2015-2016 as against the previous quarter. The public debt (excluding liabilities under the `Public Account') of the central government provisionally increased by 3.5% in the first quarter of FY2016 on quarter-on-quarter basis,“ as per a finance ministry statement. Internal debt constituted 92.3% of public debt at end of June 2015, while marketable securities accounted for 84.2%, the statement said. Close to 29.5% of outstanding stock has a residual maturity of up to five years, which implies that over the next five years, on an average, around 5.9% of outstanding stock needs to be rolled over every year, the statement added.
