Govt’s Total Debt Grows 5.6% To ₹107.04 Lakh Crores In Q2

  • According to a report on public debt, the total debt of the government increased by 5.6% to ₹107.04 lakh crores in the second quarter of the Financial Year 2020-21.

  • This is the first time that India’s total debt has crossed ₹100 lakh crores.

  • At the end of March, total liabilities were recorded at ₹94.6 lakh crores. In the April-June period, it soared to ₹101.3 lakh crores.

  • In 2019, the total liabilities stood at ₹88.18 lakh crores.

  • The report also showed that the central government has issued securities summing to ₹4,20,000 crores in the second quarter.

  • The government had issued securities worth ₹3,46,000 crores in the first quarter which is higher than ₹2,21,000 crore during the same period, last year.

  • The weighted average yield of primary issuances in the second quarter has decreased to 5.8% from 5.85% in the first quarter.

  • "The share of insurance companies and provident funds at end-September 2020 stood at 25.3% and 4.8%, respectively. The share of mutual funds increased from 2.0% at end-June 2020 to 2.4% at end-September 2020," the report said.

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