The authorities’s whole liabilities rose 3.74 per cent to Rs 133.22 lakh crore within the March quarter from Rs 128.41 lakh crore within the three months ended December 2021, in response to the newest public debt administration report.
In absolute phrases, the overall liabilities, together with liabilities beneath the ‘Public Account’ of the federal government, jumped to Rs 1,33,22,727 crore on the finish of March 31, 2022. As of December 31, 2021, the overall liabilities stood at Rs 1,28,41,996 crore.
The report launched by the finance ministry on Thursday stated public debt accounted for 92.28 per cent of the overall excellent liabilities on the finish of March. It was at 91.60 per cent on the finish of December final yr.
Further, the report stated the weighted common yield on main issuances of dated securities confirmed a rise to six.66 per cent within the fourth quarter from 6.33 per cent within the third quarter of the present fiscal.
“The weighted average maturity of issuances of dated securities was also higher at 17.56 years in Q4 of FY22 (16.88 years in Q3 of FY22).
“The weighted average maturity of outstanding stock of dated securities was higher at 11.71 years at the end of Q4 of FY22 as compared to 11.69 years at the end of Q3 of FY22,” it stated.
Crude oil costs additionally remained at an elevated degree throughout the quarter, touching a excessive of USD 129.26/bbl earlier than moderating barely and shutting at USD104.40/bbl on the finish of the quarter, the report stated.
It famous that the elevated degree of crude costs contributed to hardening of 10-year G-Sec yield within the home market.
Regarding possession sample of central authorities securities, the report stated the share of business banks stood at 37.75 per cent on the finish of March, decrease than 35.40 per cent registered on the finish of December 2021.
At the tip of March, share of insurance coverage corporations and provident funds stood at 25.89 per cent and 4.60 per cent, respectively.
Share of mutual funds was at 2.91 per cent on the finish of March as in opposition to 3.08 per cent on the finish of quarter December 2021 whereas share of RBI went downward to 16.62 per cent from 16.92 per cent throughout the identical interval.
Source: www.financialexpress.com”