Govt total liabilities rise to Rs 116.21 lakh crore at end-March 2021
The government’s total liabilities stood at Rs 116.21 lakh crore at the end of March 2021, up 6.36 percent from the previous quarter, according to official data released on Friday.
The total liabilities (including liabilities under the ‘Public Account’) of the government were Rs 109.26 lakh crore at end-December 2020.
“This represented a quarter-on-quarter increase of 6.36 percent in Q4, FY21,” said the Public Debt Management report for the January-March 2021 quarter, released by the finance ministry.
Public debt accounted for 88.10 percent of total outstanding liabilities at end-March 2021.
Nearly 29.33 percent of the outstanding dated securities had a residual maturity of less than 5 years. The ownership pattern shows the share of commercial banks at 37.8 percent and 25.3 percent for insurance companies.
“The yields on government securities hardened in the secondary market due to increase in the supply of G-secs during the quarter.
“Further, hardening of yields was more on the short end of curve due to increase in weekly borrowing and also an announcement of the resumption of normal liquidity operations by the Reserve Bank,” the report said.
