The total public debt of the government rose by 5.9% to Rs 31,49,996 crore during the first quarter ended June 30, 2011.
The total government public debt was Rs 29,75,628 crore in the previous quarter (January-March 2011).
However, it increased by 3.2% in the fourth quarter of 2010-11.
Internal debt constituted 90.3% of public debt, marginally higher than 89.7% at end of Q4 of FY11, the Finance Ministry said in its quarterly report on Public Debt Management.
Marketable securities (consisting of rupee denominated dated securities and treasury bills) accounted for 78.0% of total public debt, compared with 76.7% at March-end 2011, it said.
The outstanding internal debt of the government at Rs 28,42,953 crore constituted 31.7% of GDP compared with 33.9% at end-March 2011, it said.
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The decline in the ratio to GDP reflects the impact of change in denominator, the fifth quarterly report said.
It also noted that the fiscal outcome during the first quarter of the current fiscal indicates that all the key deficit indicators as percentage of budget estimates (BE) for 2011-12 were substantially higher than their levels during the corresponding period of the previous year because of lower revenue collections both from tax and non-tax sources.
Gross tax collections during the quarter at 6.6% of BE were lower than 8.3% a year ago, it said.
In the direct taxes, corporation tax collections showed a negative growth of 27.8%, while personal income tax increased by 6.5% as against budgeted growth rates of 21.5% and 16.2%, respectively, for the current financial year.
All the major indirect taxes (customs, excise and service tax), however, showed buoyant growth rates (37.7%, 23.2%, and 31.1%, respectively) during April-June 2011 as against budgeted growth rates (15.1%, 19.2% and 18.2%, respectively) for the fiscal.