Page 2 - Latest Updates on Public debt
Fiscal doves in India: right and wrong
The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced
Interest on public debt may eat away half of govt tax revenue in FY21, FY22
Expenditure on interest will account for 52.4 per cent of the central tax revenues in FY22
 "Interest on public debt may eat away half of govt tax revenue in FY21, FY22")
Handle debt with care
Overall fiscal position can increase risks
Public debt in India - II
The security level analysis shows that the large contribution of nominal returns poses a potential risk for unstable debt-GDP dynamics in India
 "Public debt in India - II")
Public debt in India
While India's public debt-GDP numbers are not as sordid as in some parts of the world, it is important to understand the factors that have helped shape its public debt dynamics
 "Public debt in India")
India's public debt ratio to jump to 90 per cent because of Covid-19: IMF
India's public debt ratio, which remained stable at around 70% of the GDP since 1991, is projected to jump by 17% points to nearly 90% due to increase in public spending due to Covid-19, the IMF said
 "India's public debt ratio to jump to 90 per cent because of Covid-19: IMF")
Govt's total liabilities rise to Rs 101.3 trn in Q1: Finmin report
Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management released on Friday said
 "Govt's total liabilities rise to Rs 101.3 trn in Q1: Finmin report")
A gloom-and-doom scenario: Why Bond market loves India's tax mess
The Reserve Bank of India has told banks that if they buy another 3 trillion rupees ($41 billion) of government bonds, they can park them in a bin that doesn't have to be marked to market
 "A gloom-and-doom scenario: Why Bond market loves India's tax mess")
Best of BS Opinion: Managing public debt, urban equilibrium, and more
Business Standard Opinion pieces for the day talk about public debt among other issues
 "Best of BS Opinion: Managing public debt, urban equilibrium, and more")
Public debt accounts for 91% of Centre's Rs 94-trillion liabilities
Public debt accounted for 90.9 per cent of total outstanding liabilities as on March 31, 2020, said the quarterly report on Public Debt Management.
 "Public debt accounts for 91% of Centre's Rs 94-trillion liabilities")
Ratio of India's public debt to GDP likely to scale a new high in FY21
According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020
 "Ratio of India's public debt to GDP likely to scale a new high in FY21")
India's fiscal gap one of the highest among major emerging markets
Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019
 "India's fiscal gap one of the highest among major emerging markets")
India should avoid fiscal stimulus and reduce public debt, IMF says
Government needs a credible consolidation path to rein in debt, including reducing subsidies and boosting the tax base, says IMF.
 "India should avoid fiscal stimulus and reduce public debt, IMF says")
Global debt load surges to new all-time record high of $188 trn: IMF chief
That is up from the previous record of $164 trillion in 2016, according to IMF figures
 "Global debt load surges to new all-time record high of $188 trn: IMF chief")
Govt's total liabilities rise to Rs 82 trn by Sept end, shows FinMin data
The holding pattern indicates a share of 41.4% for commercial banks and 24.6% for insurance companies by end-Sept 2018
 "Govt's total liabilities rise to Rs 82 trn by Sept end, shows FinMin data")
Govt will focus more on public debt management in coming years: DEA secy
We focus more on the fiscal deficit currently, but going forward that (public debt) is the area that we will focus, says DEA Secy Garg
 "Govt will focus more on public debt management in coming years: DEA secy")
Need to focus on reducing public debt in next 4-5 years: DEA Secretary Garg
Rating agencies have raised concerns over the level of public debt
 "Need to focus on reducing public debt in next 4-5 years: DEA Secretary Garg")
Lessons of the 1990s
Both quality and quantity of public debt are important dimensions in a financial crisis
Public debt falls to Rs 61 lakh crore at end of 2016-17: Govt
After demonetisation, liquidity in the economy was in surplus during the quarter in consisderation
 "Public debt falls to Rs 61 lakh crore at end of 2016-17: Govt")
How much do people owe their countries?
Gross national debt of US and Japan is $1,899 bn and $1,000 bn, respectively
 "How much do people owe their countries?")
