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Under PM Modi, national debt increases by 50% to Rs 82 lakh crore: FinMin Data

PW Bureau

Figures by the 8th edition of the Status Paper on Government Debt show that the government’s total liabilities have increased to Rs 82 lakh crore in the last four-and-half-years New Delhi: The total national debt of the government has risen by 49 percent since Narendra Modi became Prime Minister. Figures by the 8th Edition of the Status Paper on Government Debt show that the government’s total liabilities have increased to Rs 82 lakh crore in the last four-and-half-years. “This paper enhances transparency by providing a detailed account of debt operations during the year and an assessment of the health of the public debt portfolio based on internationally accepted debt performance indicators. The paper also covers details of fiscal deficit financing operations of the Central Government during the year 2017-18,” an official release said.

Overall liabilities on a declining trajectory: Report

As per information received till September, the total government debt was Rs 82,03,253 crore, while the corresponding amount was Rs 54,90,763 crore till June 2014, the Finance Ministry's data on government borrowings says. "The overall liabilities of the Central government are on a medium-term declining trajectory and government's debt portfolio is characterized by prudent risk profile," the report added.

"The overall liabilities of the Central government are on a medium-term declining trajectory and government's debt portfolio is characterised by prudent risk profile,"

“Government is primarily resorting to market-linked borrowings for financing its fiscal deficit. Conventional indicators of Debt sustainability, i.e., Debt/GDP ratio, interest payment to revenue receipts, shares of short-term Debt/External Debt/FRBs in total debt indicate that the debt profile of the Government is comfortably placed in terms of debt sustainability parameters and is consistently improving.”

As per information received till September, the total government debt was Rs 82,03,253 crore , while the corresponding amount was Rs 54,90,763 crore till June 2014

The rise in the national debt has been propelled by 51.7 percent growth in public debt from Rs 48 lakh crore to Rs 73 lakh crore during the four-and-half year period.