Govt's total liabilities rise to INR 84.68 lakh crore at end-March 2019

New Delhi, June 22 (PTI):Government's total liabilities reached INR 84.68 lakh crore at the end of March 2019, up 1.5 per cent over the preceding quarter, a report released by the Finance Ministry said Friday. The total liabilities stood at INR 83.40 lakh crore crore at end-December 2018. "The total liabilities (including liabilities under the 'Public Account') of the Government, as per provisional data, increased to INR 84,68,086 crore at end-March 2019 from INR 83,40,027 crore at end-December 2018," it said. Public debt accounted for 89.5 per cent of the total outstanding liabilities at end-March 2019. Nearly 28.27 per cent of the outstanding dated securities had a residual maturity of less than 5 years. "The holding pattern indicates a share of 40.5 per cent for commercial banks and 24.6 per cent for insurance companies by end-December 2018," the quarterly report on 'public debt management' said. During the March quarter of last fiscal, the central government issued dated securities worth INR 1,56,000 crore as against INR 67,000 crore in the year-ago period. The temporary cash flow mismatches were bridged through issuance of cash management bills amounting to INR 60,000 crore during January-March quarter of 2018-19. Market liquidity conditions, on an average basis, were mostly in a deficit mode during January-March 2019, the report said. The net average liquidity injection by the Reserve Bank under Liquidity Adjustment Facility (LAF) was at INR 52,364 crore during the fourth quarter of the last fiscal (INR 80,077.24 crore during third quarter of 2018-19). The net average liquidity injection was to the tune of INR 32,872 crore in January 2019, INR 68,661 crore in February and INR 55,559 crore in March.