Millennium Post

Public debt rises by 2.1% in Q3

Government’s total debt increased by 2.1 per cent in the third quarter ended December 31, over the previous 3-month period of the current financial year.

“The public debt (excluding liabilities under the ‘Public Account’) of the Central Government provisionally increased by 2.1 per cent in Q3 of FY15 on Q-o-Q basis as compared with an increase of 2.3 per cent in the previous quarter (Q2 of FY15),” an official statement said.

Internal debt constituted 91.9 per cent of public debt as at December-end, it said. It comprises government borrowing from the market to bridge fiscal deficit.

The gross borrowing during the April-December period was Rs 4.97 lakh crore (82.8 per cent of Budget Estimate), as compared to Rs 5.09 lakh crore (87.9 per cent) in the 9-month period of the previous fiscal, the statement said.

Net borrowing during April-December in 2014-15 was Rs 3.62 lakh crore or 78.5 per cent of BE, lower than Rs 4.34 lakh crore or 89.7 per cent of BE in the previous fiscal.
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