New Delhi, Nov. 5 -- State governments are increasingly spreading their debt repayments over longer periods, reducing the share of borrowings that need to be refinanced in the near term.

The weighted average maturity (WAM) of outstanding state government securities rose to 8.85 years at the end of March 2025 from 8.50 years a year earlier, according to finance ministry data reviewed by Mint.

Outstanding market borrowings of states increased 14% to Rs.62.97 trillion at the end of March 2025 from Rs.55.20 trillion a year earlier, as per the ministry data.

The increase in WAM indicates states are taking longer, on average, to repay their outstanding market borrowings. This matters because the maturity profile of debt determines how freque...