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Ministry of Finance in its latest quarterly report on public debt management has showed that total liabilities (including liabilities under the Public Account) of the Government, was Rs 128,41,996 crore at end-December 2021 as against Rs 125,71,747 crore at end-September 2021. This indicates a quarter-on-quarter increase of 2.15 per cent in Q3 FY22.

The report further noted that public debt accounted for 91.60 per cent of total outstanding liabilities at end-December 2021 as against 91.48 per cent at end-September 2021. Nearly 29.94 per cent of the outstanding dated securities had a residual maturity of less than 5 years.

As per the report, the yields on Government securities hardened in the secondary market due to increase in supply of G-secs during the quarter like in first and second quarter of FY22. However, the yields were supported by decision of MPC to keep the Policy repo rate unchanged at 4 percent, to continue with accommodative stance during the Q3 FY22.