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Public debt up 3.2 per cent to Rs.33.82 lakh crore in Q3
- The government's public debt during the third quarter (October-December) of the current fiscal crept up by 3.2 per cent to Rs.33,82,645 crore.
- However, this is lower than the 4.7 per cent hike witnessed in the previous quarter.
- Internal debt during October-December this fiscal constituted 89.9 per cent of public debt
- Outstanding internal debt of the Government at Rs.30,41,895 crore constituted 33.9 per cent of GDP
- The need for higher borrowings was owing to the fact that inflows on account of foreign investment during October-November 2011 remained subdued as in the second quarter of 2011-12 with a “lacklustre performance” by both components — foreign direct investment (FDI) and portfolio investment by foreign institutional investors (FIIs). As a result, there was a net outflow of capital in October and only a marginal inflow in November.
