The government’s total liabilities rose to Rs 128.41 lakh crore in December quarter (Q3) from Rs 125.71 lakh crore in the three months ended September (Q2) 2021, as per the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.15 per cent in Q3, 2021-22.
The total liabilities, including liabilities under the ‘Public Account’ of the government, jumped to Rs 1,28,41,996 crore at 31st December, 2021. As of 30th September, the total liabilities stood at Rs 1,25,71,747 crore.
The report released by the finance ministry said public debt accounted for 91.60 per cent of the total outstanding liabilities in Q3 compared to 91.15 per cent at the end of Q2. Whereas, nearly 25 per cent of the outstanding dated securities had a residual maturity of less than 5 years.
The ownership pattern of the central government securities indicates that the share of commercial banks stood at 35.40 per cent at Q3, lower than 37.82 per cent at Q2.
“Share of insurance companies and provident funds at Q3, 2021 stood at 25.74 per cent and 4.33 per cent, respectively. Share of mutual funds was 3.08 per cent at the end of Q3, 2021 as against 2.91 per cent at the end of Q2, 2021. Share of RBI went downward at 16.92 per cent at Q3, 2021 from 16.98 per cent at Q2, 2021,” it said.