Govt's total liabilities rise to Rs 84.68 lakh crore, up 1.5% for quarter ended-March 2019

The total liabilities stood at Rs 83.40 lakh crore crore at end-December 2018.

Press Trust of India June 22, 2019 13:20:13 IST
Govt's total liabilities rise to Rs 84.68 lakh crore, up 1.5% for quarter ended-March 2019
  • The total liabilities stood at Rs 83.40 lakh crore crore at end-December 2018

  • Public debt accounted for 89.5 percent of the total outstanding liabilities at end-March 2019.

  • Nearly 28.27 percent of the outstanding dated securities had a residual maturity of less than 5 years

New Delhi: Government's total liabilities reached Rs 84.68 lakh crore at the end of March 2019, up 1.5 percent over the preceding quarter, a report released by the Finance Ministry said Friday.

The total liabilities stood at Rs 83.40 lakh crore crore at end-December 2018.

"The total liabilities (including liabilities under the 'Public Account') of the Government, as per provisional data, increased to Rs 84,68,086 crore at end-March 2019 from Rs 83,40,027 crore at end-December 2018," it said.

Public debt accounted for 89.5 percent of the total outstanding liabilities at end-March 2019.

Nearly 28.27 percent of the outstanding dated securities had a residual maturity of less than 5 years.

Govts total liabilities rise to Rs 8468 lakh crore up 15 for quarter endedMarch 2019

Representational image. Reuters.

"The holding pattern indicates a share of 40.5 percent for commercial banks and 24.6 percent for insurance companies by end-December 2018," the quarterly report on 'public debt management' said.

During the March quarter of last fiscal, the central government issued dated securities worth Rs 1,56,000 crore as against Rs 67,000 crore in the year-ago period.

The temporary cash flow mismatches were bridged through issuance of cash management bills amounting to Rs 60,000 crore during January-March quarter of 2018-19.

Market liquidity conditions, on an average basis, were mostly in a deficit mode during January-March 2019, the report said.

The net average liquidity injection by the Reserve Bank under Liquidity Adjustment Facility (LAF) was at Rs 52,364 crore during the fourth quarter of the last fiscal (Rs 80,077.24 crore during third quarter of 2018-19).

The net average liquidity injection was to the tune of Rs 32,872 crore in January 2019, Rs 68,661 crore in February and Rs 55,559 crore in March. ​

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