The Economic Survey of India, 1997

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Interest on the Outstanding liabilities of Central Government
[TABLE 2.6]

 

   

1980-81

1990-91

1992-93

1993-94

1994-95

1995-96
(RE)

1996-97
(BE)

    (Rs.Crore)

1

Interest on internal liabilities

2373

19664

27546

33017

40034

47101

54726

a)

Internal debt

1369

9814

13542

15587

19168

22267

26730

i)

Market borrowings

808

6366

8147

9258

13205

15770

19154

ii)

Others

561

3448

5395

6329

5963

6497

7576

b)

Other internal

1004

9850

14004

17430

20866

24834

27996

 

liabilities

             

2

Interest on external

231

1834

3529

3724

4026

4899

5274

 

debt

             

3

Gross interest payments

2604

21498

31075

36741

44060

52000

60000

4

Net interest payments

809

12768

18587

21679

28252

33631

38607

    (Average rate of interest)

1

Internal liabilities

N.A.

8.2

8.7

9.2

9.3

9.7

9.9

a)

Internal debt

N.A.

7.4

7.8

7.8

7.8

8.4

8.8

i)

Market borrowings

N.A.

10.2

10.4

11.3

11.9

12

12.1

ii)

Others

N.A.

4.9

5.7

5.4

4.4

4.8

5.2

b)

Other Internal liabilities

N.A.

9.2

9.7

10.9

11.3

11.2

11.2

2

External debt

N.A.

6.5

9.6

8.8

8.5

9.6

10

3

Total liabilities

N.A.

8

8.8

9.1

9.2

9.7

9.9

  Memorandum items              

(a)

Interest on External Debt

 

231

1863

3578

3794

4026

4899

(b)

Average rate of interest

 

N.A.

3.4

3.3

3.1

3.1

3.4

Note : The interest liabilities indicated above are on cash basis and not on accrual basis.

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The Economic Survey Of India, 1997

Document released by the Ministry of Finance, Government of India, on 25th February, 1997.
Made available on the Web on the same day, by MediaWeb India, on
The Indian Economy Overview (http://www.m-web.com).

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