The liabilities of the central government have increased to Rs 150.95 lakh crore in the December quarter of the financial year 2022-23, which was Rs 147.19 lakh crore in the September quarter. This information came out in the Public Debt Management Report.
It has been revealed in this report that the liabilities have increased by 2.6 percent in the October-December quarter 2022-23. Also, in December 2022, the total liabilities have increased to Rs 1,50,95,970.8 after including the public account of the government. It was Rs 1,47,19,572.2 crore in September.
3.50 lakh crore rupees borrowed
In the December quarter of the financial year 2022-23, Rs 3.51 lakh crore has been borrowed by the government through securities, while the notified amount during this period was Rs 3.18 lakh crore. At the same time, an amount of Rs 85,377.9 crore due for redemption was repaid on the maturity date during this quarter. In the December quarter of the financial year 2022-23, the government has not borrowed any amount under the Cash Management Bill.
The weighted average of primary issuances has increased to 7.38 per cent in the third quarter of FY 2023, which was 7.33 per cent in the second quarter of FY 2022-23. At the same time, the average weighted average of newly issued securities in the third quarter of the current financial year was 16.56 years, which was 15.62 years in the second quarter of the current financial year.
There was a slight decrease in the interest of 10-year bonds
It was told in the report that the interest rate of the 10-year benchmark bond has fallen to 7.33 percent on December 30, 2022, which was 7.40 percent on September 30, 2022.
The report further said that the net daily average liquidity absorption by RBI under the Liquidity Adjustment Facility (LAF), including Marginal Standing Facility and Special Liquidity Facility, was Rs 39,604 crore during the quarter.
