Government's total debt has risen by 2.6 per cent to over Rs 46 lakh crore in the third quarter ended December compared to the previous three months of the current financial year. Govt’ total debt, excluding liabilities under the 'Public Account' stood at Rs 46,06,350 crore in Q3FY14 from Rs 44,88,905 crore at Q2FY14.
The internal debt, which constitutes government borrowing from the market to bridge fiscal deficit for the current fiscal, formed 90.9 per cent of public debt in Q3, compared with 90.6 per cent at the end of the previous quarter.
In Budget Estimates 2013-14, the gross fiscal deficit of the government was at Rs 5.42 lakh crore (4.8 per cent of GDP) as against Rs 5.20 lakh crore (5.2 per cent of GDP) in the revised estimates for 2012-13. As per the Interim Budget 2014-15, the gross and net market borrowing requirements of the government was at Rs 5.63 lakh crore and Rs 4.53 lakh crore, respectively, lower than Rs 5.79 lakh crore and Rs 4.84 per cent gross and net market borrowings estimated in Budget 2013-14.