Every person in the country is burdened with so much money, this is how the burden of debt is increasing

According to government data, public debt was 89.5 percent of gross liabilities in the April-June quarter. But out of the government dues securities of different tenures, the remaining maturity period of about 26.6 percent is less than five years.

The debt burden on every citizen of the country is increasing. We are not saying this. According to government figures, an increase of 2.2 percent has been recorded in the total gross loan of the government. With this the loan figure has crossed Rs 159 lakh crore. If the trend of increasing debt continues like this, then this figure may very soon cross Rs 160 lakh crore.

According to the information, the total gross debt of the Central Government has registered an increase of 2.2 percent during the April-June quarter. Due to this, the debt of the government has now increased to Rs 159.53 lakh crore. At the same time, if we consider the current population of the country as 1 billion 40 crores, then according to the figures, every citizen of the country currently has a debt of more than Rs 1,13,571.

Increase in April-June quarter

The special thing is that this figure of increase in debt has been presented by the Finance Ministry through a report. According to the report, in the last week of March, the total gross debt of the Central Government was Rs 156.08 lakh crore. But by the quarter of April-June 2023, it increased by 2.2 percent. According to the report of Public GEBIT Management, the total gross liabilities of the government increased by 2.2 percent in this quarter as compared to a quarter earlier.

Rs 2.71 lakh crore after adjustment

Let us tell you that the Public Debt Management Cell of the Budget Division of the Finance Ministry regularly issues a quarterly report on debt management since April-June 2010-11. In the first quarter of the current financial year, the Central Government collected a gross amount of Rs 4.08 lakh crore through issue/disposal of dated securities, which after adjustment came to Rs 2.71 lakh crore.

Focused on issues with maturity period

Similarly, the VAT average yield of issues in the April-June quarter was recorded at 7.13 percent. Whereas in the January-March quarter this figure was 7.34 percent. At the same time, the VAT average maturity of the issue was recorded at 17.58 years in the June quarter which was 16.58 years in the March quarter. According to the report, the transaction deal in the secondary market in this quarter was focused on issues with maturity period of 7 to 10 years.