Economy

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

Public debt accounts for 91%: FinMin

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.

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Printable version | Jul 6, 2020 11:34:56 AM | https://www.thehindu.com/business/Economy/govts-liabilities-rise-to-946-lakh-cr-in-jan-mar/article31958125.ece

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