India - Interest payments (% of expense)

Interest payments (% of expense) in India was 19.40 as of 2018. Its highest value over the past 44 years was 29.65 in 2000, while its lowest value was 11.16 in 1975.

Definition: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1974 11.31
1975 11.16
1976 12.25
1977 12.26
1978 13.17
1979 12.42
1980 13.10
1981 14.06
1982 15.21
1983 16.37
1984 17.03
1985 17.33
1986 17.71
1987 18.76
1988 20.03
1989 20.98
1990 22.36
1991 24.57
1992 25.25
1993 26.00
1994 27.63
1995 27.44
1996 28.14
1997 27.14
1998 28.68
1999 29.51
2000 29.65
2001 29.27
2002 28.69
2003 27.62
2004 25.64
2005 23.38
2006 22.58
2007 22.20
2008 19.73
2009 19.37
2010 18.28
2011 18.20
2012 19.46
2013 19.49
2014 21.24
2015 20.71
2016 20.39
2017 19.83
2018 19.40

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance