Government’s gross liabilities increased by 3.4 percent to Rs 171.78 lakh crore at the end of March: Finance Ministry

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The total gross liabilities of the government increased from Rs 166.14 lakh crore at the end of December to Rs 171.78 lakh crore at the end of March 2024. The Finance Ministry gave this information. The Public Debt Management Quarterly Report (January-March, 2024) said that this figure shows an increase of 3.4 percent on a quarterly basis.

New Delhi. The total gross liabilities of the government increased from Rs 166.14 lakh crore at the end of December to Rs 171.78 lakh crore at the end of March 2024. The Finance Ministry gave this information. The Public Debt Management Quarterly Report (January-March, 2024) said that this figure shows an increase of 3.4 percent on a quarterly basis. According to the report, public debt was 90.2 percent of total gross liabilities during the quarter under review. It said that during the quarter under review, the yield on Indian domestic bonds softened due to the borrowing plan announced in the interim budget being lower than expected.

This was helped by fiscal deficit being under control, FPI inflows and stable inflation. On the other hand, US Treasury yields remained volatile during the quarter under review, mainly influenced by Federal Reserve actions, inflation and employment data. The US 10-year yield hit a high of 4.33 per cent during the quarter under review. According to the report, the weighted average yield on new issuances softened to 7.19 per cent in the fourth quarter of 2023-24 compared to 7.37 per cent in the third quarter of 2023-24. Also, the weighted average maturity of issuances of dated securities rose to 18.75 years in the fourth quarter of 2023-24. It was 18.80 in the third quarter of 2023-24.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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