04-03-2023 10:29 AM | Source: Accord Fintech
Government`s total liabilities rise 2.6% to Rs 150.95 lakh crore in Q3 FY23: Finance Ministry
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The Finance Ministry in its latest report has said that the government's total liabilities rose to Rs 150.95 lakh crore in December quarter of last financial year (Q3FY23) from Rs 147.19 lakh crore in the three months ended September 2022. The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23.

In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022. As of September 30, the total liabilities stood at Rs 1,47,19,572.2 crore.

It mentioned public debt accounted for 89 per cent of the total outstanding liabilities in December quarter, compared to 89.1 per cent at the end of September. Nearly 28.29 per cent of the outstanding dated securities had a residual maturity of less than 5 years.

Further, During Q3 of FY23, it said, the Centre raised an amount worth Rs 3,51,000 crore through dated securities, as against notified amount of Rs 3,18,000 crore in the borrowing calendar. During the quarter an amount of Rs 85,377.9 crore due for redemption was repaid on maturity date.