In the last four-and-a-half years, the total liabilities of the Central government has increased 49 per cent to Rs 82 lakh crore, according to the 8th Edition of the Status Paper on Government Debt released on Friday, January 18.
The government’s debt stood at Rs. 82,03,253 crore till September 2018, while in June 2014, the debt was amounted to Rs 54,90,763 crore, according to the data released by the Finance Ministry.
IANS reported, citing the finance ministry data, that this huge increase in the liabilities was propelled by public debt in this period increasing from Rs 48 lakh crore to Rs 73 lak crore — a 51.7 per cent growth. This was driven by 54 per cent rise in internal debt to about Rs. 68 lakh crore.
Similarly, dependence on market loans also increased by 47.5 per cent to more than Rs. 52 lakh crore during the four-and-a-half years of Modi government’s rule.
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