Total Govt Liabilities Rise To Rs 101.3 Lakh Cr In First Quarter : Finance Ministry Report

20-Sep-20

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Total liabilities of the government increased to Rs 101.3 lakh crore at end-June 2020 from Rs 94.6 lakh crore at end-March 2020, according to the latest data on public debt.
The total debt of the government stood at Rs 88.18 lakh crore at end-June 2019.
Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management.
During the first quarter of the current fiscal, the central government issued dated securities worth Rs 3,46,000 crore as against Rs 2,21,000 crore in the same period a year ago.
The weighted average maturity (WAM) of new issuances stood at 14.61 years in the quarter as against 16.87 years in the fourth quarter of the last fiscal, according to data collated by Public Debt Management Cell (PDMC).
During April-June 2020, the Central Government raised Rs 80,000 crore through the issuance of Cash Management Bills.
The Reserve Bank conducted one special OMO involving simultaneous purchase and sale of government securities for Rs 10,000 crore each during the quarter ended June 2020.
The net average liquidity absorption by RBI under Liquidity Adjustment Facility (LAF) including Marginal Standing Facility and Special Liquidity Facility was Rs 4,51,045 crore during the quarter.
The gross fiscal deficit (GFD) of the Central Government for 2020-21 has been budgeted at Rs 7,96,337crore or 3.5 per cent of GDP as compared to the revised estimate of Rs 7,66,846 crore (3.8 per cent of GDP) and the provisional estimate of Rs 9,35,635 crore (4.6 per cent of GDP) for 2019-20.
During April-June 2020, fiscal deficit at Rs 6,62,363 crore worked out to be 83.2 per cent of the budget estimate as compared to 61.4 per cent of the budget estimate in the corresponding quarter of 2019-20.