Total government liabilities rose to 125.71 trillion rupees in September quarter: data
Total government liabilities rose to Rs 125.71 lakh crore in the September quarter, from Rs 120.91 lakh crore in the three months ended June, according to the latest public debt management report.
This increase reflects a quarterly increase of 3.97% during the period July-September 2021-2022.
In absolute terms, total liabilities, including government ‘public account’ liabilities, jumped to Rs 125 71 747 crore at the end of September 2021.
At the end of June, the total liabilities stood at Rs.12091193 crore.
The report was released Tuesday by the Ministry of Finance.
Public debt represented 91.15 percent of total outstanding liabilities in the September quarter compared to 91.60 percent at the end of June.
Almost 30.56% of dated securities in circulation had a residual maturity of less than 5 years. The ownership model showed the share of commercial banks at 37.82 percent and that of insurance companies at 24.18 percent in the September quarter.
Yields on government securities hardened in the secondary market, according to the report, due to an increase in the supply of government securities during the September quarter.
In the secondary market, trading activity was focused on the 3-7 year maturity band during the September quarter, mainly due to the lower trading observed in the 10-year benchmark securities due to the low floating.
However, yields were buoyed by the decision of the RBI’s Monetary Policy Committee to keep the policy repo rate at 4%, maintain an accommodative stance, and proceed with open market purchases as part of the. G-SAP 2.0 during the July to September quarter. the fiscal.
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