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The finance ministry in its latest public debt management report has said that the government's total liabilities (including liabilities under the 'Public Account') stood at Rs 125.71 lakh crore in the September quarter (Q2FY22), up 3.97 per cent from the previous quarter. The total liabilities of the government were Rs 120.91 lakh crore in the three months ended June (Q1FY22).

Report further indicated that in absolute terms, the total 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 1,20,91,193 crore. Public debt accounted for 91.15 per cent of the total outstanding liabilities in the September quarter compared to 91.60 per cent at the end of June. Nearly 30.56 per cent of the outstanding dated securities had a residual maturity of less than 5 years. The ownership pattern showed the share of commercial banks at 37.82 per cent and that of insurance companies at 24.18 per cent in the September quarter.

As per the report, the yields on Government Securities hardened in the secondary market due to an increase in the supply of such securities during the September quarter. In the secondary market, trading activities were concentrated in the 3-7 year maturity bucket during the September quarter, mainly because of less trading observed in 10-year benchmark securities due to low float.