According to the most recent public debt management report, the government's total liabilities increased to ₹128.41 lakh crore in the December quarter from ₹125.71 lakh crore in the three months ended September 2021.
The increase reflects a quarter-on-quarter increase of 2.15 per cent in October-December 2021-22.
At the end of December 2021, the total liabilities of the government, including liabilities under the 'Public Account,' increased to ₹1,28,41,996 crore.
In the December quarter, public debt accounted for 91.6 percent of total outstanding liabilities, up from 91.2 percent at the end of September. A quarter of all outstanding dated securities had a residual maturity of less than five years.
As of September 30, the total liabilities stood at ₹1,25,71,747 crore.
The ownership pattern of central government securities indicates that commercial banks held 35.40 percent of the total at the end of December 2021, down from 37.82 percent at the end of September 2021.
Share of insurance companies and provident funds at end-December 2021 stood at 25.74 per cent and 4.33 per cent, respectively.
Share of mutual funds was 3.08 per cent at the end of quarter December 2021 as against 2.91 per cent at the end of quarter September 2021.
"Share of RBI went downward at 16.92 per cent at end-December 2021 from 16.98 per cent at end-September 2021,” it said.
According to the report, the central government issued dated securities worth ₹2,88,000 crore in Q3 of FY21, compared to ₹2,83,975 crore in Q3 of FY21, while repayments totaled ₹75,300 crore.
The spread of the Omicron variant of coronavirus to most parts of the country prompted fears of additional borrowings, while higher retail inflation also influenced sentiments.