Business Standard

Economic Survey 2021-22: Govt's debt serviceability profile is stable

The higher average maturity lowers the rollover risk, the Survey noted


Illustration: Ajay Mohanty

Anup Roy Mumbai
The government’s public debt portfolio is stable and interest rate risk low owing to lower dependence on external borrowing and most debt issuances bearing a fixed-rate coupon, the Economic Survey said.

“… most of the external borrowing are from official sources which are of long term and concessional in nature. The roll over risk is also low owing to low issuance of short-term bonds with a view to elongate the maturity profile,” the Survey said.

The weighted average maturity of the outstanding stock of debt has increased to 11.31 years at the end of March 2021 from 9.7 years at the end

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First Published: Jan 31 2022 | 11:48 PM IST

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