Debt

US national debt crosses record $40 trn, five months after it hit $39 trn

The national debt surpassed a record USD 40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit to make up an enormous share of federal spending. The milestone figure was recorded just five months after the US hit a record USD 39 trillion debt in March. It reached USD 38 trillion five months before that, in October. The unprecedented USD 40 trillion figure highlights competing administration priorities, from boosting the defense spending that the US relies on to carry out President Donald Trump's almost-6-month-old Iran war to lowering the cost of gas and groceries. Kush Desai, a White House spokesman, said the Trump administration "has been focused on slashing waste, fraud, and abuse in federal spending while accelerating economic growth to get America's debt-to-GDP ratio trending in the right direction." However, experts say the exploding debt and the latest record milestone is ..

Updated On: 20 Aug 2026 | 7:49 AM IST

US boosts long-term debt buybacks after yields hit highest levels in years

Treasury Secretary Scott Bessent invoked the buyback program last year as part of the department's "big toolkit we can roll out" if needed to address dislocation in the Treasuries market.

Updated On: 19 Aug 2026 | 11:45 PM IST

AMD plans to raise as much as $5 billion from debt offering: Report

The debt offering comes as AMD ramps up spending to meet surging demand for computing capacity driven by the AI boom.

Updated On: 13 Aug 2026 | 11:46 PM IST

CDs' share in debt fund portfolio surges ahead of govt securities

Bank certificates of deposit became the largest holding in debt mutual funds in FY26, overtaking government securities as taxation changes shifted investor preference towards shorter-duration schemes

Updated On: 13 Aug 2026 | 10:27 PM IST

Vedanta sees 67% rise in FY27 Ebitda to $10 billion, says CFO Ajay Goel

CFO says group expects to cut debt by more than Rs 20,000 crore in FY27

Updated On: 02 Aug 2026 | 11:15 PM IST

SP Group completes long-delayed debt fundraising worth ₹21,500 crore

SP Group, Tata Sons' largest minority shareholder, owns around 18.4% of the company's shares, has struggled for years to monetise the holding

Updated On: 17 Jul 2026 | 4:48 PM IST

Indian banks curb short-term debt sales as RBI aids cheaper forex funding

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI

Updated On: 06 Jul 2026 | 10:37 AM IST

India's external debt climbed to $763 billion in FY26, shows RBI data

India's total external debt stood at USD 762.8 billion at the end of March 2026, registering an increase of USD 26.3 billion over the year-ago period, according to the RBI data released on Monday. Valuation effect due to the appreciation of the US dollar vis-a-vis the Indian rupee and other major currencies amounted to USD 24.6 billion, according to the data on 'India's External Debt as at the end of March 2026'. "Excluding the valuation effect, external debt would have increased by USD 51 billion instead of USD 26.3 billion at end-March 2026 over end-March 2025," the Reserve Bank of India said. The central bank also said that the external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent during the corresponding period a year ago. At the end of March 2026, RBI said, long-term debt (with original maturity of above one year) stood at USD 613.5 billion, recording an increase of USD 11.6 billion over its level at end-March 2025. "The share of short-ter

Updated On: 29 Jun 2026 | 10:29 PM IST

A post-poll fiscal reality check: TN and Kerala face rising debt pressure

New governments in Tamil Nadu and Kerala have released white papers on state finances, but economists say debt figures alone do not capture the full fiscal picture

Updated On: 21 Jun 2026 | 10:40 PM IST

Tamil Nadu debt nearly doubles to ₹10 trillion in five years: White paper

The TVK government's white paper said Tamil Nadu added Rs 4.87 trillion in debt over five years, while total liabilities, including guarantees and off-budget borrowings, reached Rs 13.8 trillion

Updated On: 17 Jun 2026 | 12:04 AM IST

ECLGS 5.0 could raise debt levels of rated corporates by around 10%

Crisil Ratings says ECLGS 5.0 could add around 10% debt to rated companies as firms seek funding support to manage higher working capital needs amid the West Asia conflict

Updated On: 16 Jun 2026 | 11:51 AM IST

Target, capacity, constraint: How to plan for big expenses without debt

As you work to achieve your goal, check whether you're on track and adjust for cost changes

Updated On: 13 Jun 2026 | 6:00 AM IST

Fund managers see duration headwinds easing, but await better entry points

RBI and government measures to attract foreign capital have improved sentiment in the bond market, but most fund managers continue to favour shorter-duration papers

Updated On: 09 Jun 2026 | 12:03 AM IST

Centre may have overshot debt-to-GDP ratio in FY26, shows Mospi data

Lower-than-expected nominal GDP growth may have pushed the Centre's debt ratio to 57.85 per cent in FY26, making its fiscal consolidation path steeper ahead

Updated On: 05 Jun 2026 | 11:06 PM IST

Telangana's total debt stands at ₹8 trn as of Dec 2025: Govt report

Telangana's total debt, including that of its entities and government guarantees, stood at Rs 8 lakh crore as of December 2025, according to the Socio-Economic Outlook 2026 released by the state government. The state government said that from December 2023, when Congress assumed power, to the same month in 2025, the total borrowings of the state and its entities amounted to Rs 3,19,179 crore, with repayments (principal and interest) of Rs 3,04,202 crore. The repayments and loans raised by the Congress government during its nearly two and a half years in office indicate that a large share of the borrowings during that period was used to service existing debt, due to the substantial debt inherited from the pre-December 2023 period, the report said. "While total outstanding debt stood at Rs 8,00,805 cr as on 31 December 2025, the increase in outstanding liabilities needs to be interpreted in the context of large and unavoidable interest payments on account of the massive legacy debt...

Updated On: 22 Mar 2026 | 9:40 AM IST

JPMorgan moves to offload over $30 bn in LBO debt amid market jitters

JPMorgan Chase & Co. is gearing up to help issuers sell billions of dollars in junk bonds and leveraged loans, with deals to fund the buyouts of Electronic Arts Inc and Sealed Air Corp

Updated On: 15 Mar 2026 | 8:28 AM IST

Adani Energy raises $500 mn bilateral debt from Apollo Global Management

The financing underscores the financing shift for Adani, historically one of the largest Indian issuers, as it borrows to fund ambitious capital spending plans while facing elevated borrowing costs

Updated On: 11 Mar 2026 | 1:02 PM IST

On the right track: Asset monetisation will boost efficiency and growth

Given fiscal constraints and the need to lower the debt-to-GDP ratio, the Union finance ministry sees reviving asset monetisation as key to sustaining growth momentum

Updated On: 25 Feb 2026 | 9:24 PM IST

Govt conducts switch with RBI, moves FY27 maturities to 2040 bond

Centre buys back over Rs 75,500 crore of FY27 securities from RBI and issues 8.30% GS 2040 bond to smoothen redemption profile

Updated On: 12 Feb 2026 | 8:47 PM IST

Nhai plans to reduce its debt to below ₹2 trillion by March 2026

State-owned NHAI is planning to reduce its debt to below Rs 2 lakh crore in the current financial year ending March, a senior government official said on Sunday. NHAI's debt liability had peaked at Rs 3.5 lakh crore in 2021-22. As of December 31, 2025, the debt stands at Rs 2,35,947 crore. "In line with the government policy, NHAI has not borrowed since 2023 and since then the debt liability was reduced by around 32 per cent," the official said on condition of anonymity. Further, to reduce its overall debt, he said NHAI has prepaid liabilities of Rs 86,000 crore of which Rs 50,000 crore was NSSF loan. "No specific target for the current year was fixed but the debt liability is planned to be brought down below Rs 2,00,000 crore," the official said. Retiring this debt ahead of schedule has resulted in a steep decrease of NHAI debt. Due to proactive negotiation with banks, NHAI was able to reduce its interest burden by refixing interest rates lower by about 80 basis points during t

Updated On: 25 Jan 2026 | 4:05 PM IST