Debt

Debt servicing

Debt servicing is charged on the Consolidated Fund through the Department of Treasury Operations (Head 249). It covers interest and repayments of loans.

Debt servicing 2026

Rs 4.47 trillion

Rs 49.75 of every Rs 100

Head 249, Second Schedule

Share of total spending

2017Rs 1.47 trillion (Rs 44.0 per Rs 100)
2018Rs 1.95 trillion (Rs 49.0 per Rs 100)
2019Rs 2.18 trillion (Rs 48.1 per Rs 100)
2020Rs 1.95 trillion (Rs 41.3 per Rs 100)
2021Rs 2.19 trillion (Rs 44.7 per Rs 100)
2022Rs 2.58 trillion (Rs 50.3 per Rs 100)
2023Rs 4.16 trillion (Rs 52.8 per Rs 100)
2024Rs 3.90 trillion (Rs 49.8 per Rs 100)
2025Rs 4.54 trillion (Rs 51.4 per Rs 100)
2026Rs 4.47 trillion (Rs 49.7 per Rs 100)

Debt servicing compared with all ministry spending

Year	Recurrent	Capital	Debt servicing	First Schedule (general services)	Compared with First Schedule	Borrowing limit
2017 Source: Gazette supplement 2017, p.41	Rs 668 billion	Rs 800 billion	Rs 1.47 trillion	Rs 1.82 trillion	0.81x	Rs 1.49 trillion
2018 Source: Appropriation Bill 2018, p.43	Rs 804 billion	Rs 1.15 trillion	Rs 1.95 trillion	Rs 1.98 trillion	0.99x	Rs 1.81 trillion
2019 Source: Gazette supplement 2019, p.41	Rs 885 billion	Rs 1.30 trillion	Rs 2.18 trillion	Rs 2.31 trillion	0.94x	Rs 2.16 trillion
2020 Source: Budget Estimates 2020, Volume I 2020, p.19	Rs 965 billion	Rs 982 billion	Rs 1.95 trillion	Rs 2.72 trillion	0.72x	Not available
2021 Source: Appropriation Bill 2021, p.53	Rs 940 billion	Rs 1.25 trillion	Rs 2.19 trillion	Rs 2.68 trillion	0.82x	Rs 2.90 trillion
2022 Source: Appropriation Bill 2022, p.53	Rs 1.06 trillion	Rs 1.52 trillion	Rs 2.58 trillion	Rs 2.51 trillion	1.03x	Rs 3.18 trillion
2023 Source: Appropriation Bill 2023, p.36	Rs 2.14 trillion	Rs 2.02 trillion	Rs 4.16 trillion	Rs 3.66 trillion	1.14x	Rs 4.43 trillion
2024 Source: Gazette supplement 2024, p.38	Rs 2.63 trillion	Rs 1.26 trillion	Rs 3.90 trillion	Rs 3.86 trillion	1.01x	Rs 3.90 trillion
2025 Source: Appropriation Bill 2025, p.40	Rs 2.94 trillion	Rs 1.59 trillion	Rs 4.54 trillion	Rs 4.22 trillion	1.08x	Rs 4.00 trillion
2026 Source: Appropriation Bill 2026, p.40	Rs 2.62 trillion	Rs 1.85 trillion	Rs 4.47 trillion	Rs 4.43 trillion	1.01x	Rs 3.80 trillion

Comparison: debt servicing divided by the First Schedule total, which covers ministry and department spending.

A borrowing limit is the most that may be outstanding from borrowing, as set in the Bill. It is not the amount borrowed.

All figures are in rupees at the prices of each year (nominal). They are not adjusted for inflation.