New Delhi: The government's public debt in the September-December quarter increased by 3.2 per cent to Rs 33,82,645 crore over the previous three-month period mainly due to higher borrowings.
The public debt at the end of September quarter was Rs 32,76,368 crore.
"This represented a Quarter-on-Quarter increase of 3.2 per cent (provisional) compared with an increase of 4.7 percent in the previous quarter," the data released by Finance
Ministry today said.
Internal debt constituted 89.9 per cent of public debt, compared with 89.6 per cent at the end of the second quarter.
"The outstanding internal debt of the Government at Rs 30,41,895 crore constituted 33.9 per cent of GDP compared with 32.7 per cent at end-September 2011," it added.
The market borrowings through dated securities increased during the second half of the fiscal by Rs 52,872 crore against the budget estimates, in view of shortfall in other financing items.
On a review of the Government’s overall financing requirements, the borrowings programme was increased further by Rs 40,000 crore, resulting in a total increase of Rs 92,872 crore during this fiscal.
Marketable securities, consisting of rupee denominated dated securities and treasury bills/cash management bills, accounted for 79.1 per cent of total public debt during the period ending December compared with 78.4 per cent at end-September 2011.
As at end of December 2011, the proportion of debt maturing in less than one year declined to 3.7 per cent from 4.3 per cent a quarter ago, while debt maturing within 1-5 years came down to 25.3 per cent from 26.7 per cent at end-September 2011.
The 10-year bond yield increased from 8.44 per cent at end-September 2011 to 8.54 per cent at end-December 2011.
"The yields went up sharply during the quarter due to policy rate hike of 25 bps by the Reserve Bank on October 25 as well as supply concerns," the ministry added.

The ministry further said liquidity conditions in the economy remained generally tight during the December quarter and the RBI continued to provide liquidity through its Liquidity Adjustment Facility (LAF).
The ministry also said that the fiscal outcome during April-December of the financial year indicates that all the key deficit indicators as percentage of budget estimates (BE) for 2011-12 were higher year-on-year because of lower revenue collections both from tax and non-tax sources.
Gross tax collections during the period at 63.5 per cent of BE were lower than 70.7 per cent a year ago. Non-tax revenue at 62.2 per cent of BE was lower than previous year mainly reflecting the impact of telecom receipts in 2010-11.
However, total expenditure as per cent of BE at 71.3 per cent during April-December 2011 was broadly similar to 71.0 per cent year-on-year.
Thus, revenue deficit and gross fiscal deficit during April-December 2011 at 93.1 percent and 92.3 percent of BE, were higher, mainly reflecting the impact of large refunds under directs taxes early this year and higher telecom receipts in the previous year.