Govt.’s liabilities rise to ₹94.6 lakh cr. in Jan.-Mar.

Public debt accounts for 91%: FinMin

NEW DELHI, 13/05/2020: Security personnel seen checking the temperature with the thermal screening device at the Finance Ministry, North Block during the 50th Day of the National Lockdown to prevent spreading of Coronavirus at New Delhi on May 13, 2020. Photo: R. V. Moorthy

The government’s total liabilities increased 0.8% to ₹94.62 lakh crore at March-end 2020 compared with the preceding quarter, a Finance Ministry report said on Tuesday.

Public debt accounted for 90.9% of total outstanding liabilities as on March 31, 2020, the quarterly report on Public Debt Management said.

“Total liabilities [including liabilities under ‘Public Account’] of the government, as per provisional data, increased to ₹94,62,265 crore at end-March 2020 from ₹93,89,267 crore at end-December 2019,” it said. As per the report, the weighted average yield of primary issuances moderated further to 6.7% during the March quarter from 6.86% in October-December.

The proportion of debt (dated securities) maturing in less than one year was lower at 3.9% at end-March 2020.