Government interest payments increase by 3.1 per cent GDP
ECONOMY & POLICY

Government interest payments increase by 3.1 per cent GDP

The government's interest payments have grown to 3.1 per cent of GDP, or Rs 7.31 trillion, in 2021-22, reportedly according to Minister of State for Finance, Pankaj Chaudhary. In 2014-15, interest on public debt was 3.27 trillion, or 2.6 per cent of GDP. The entire central government liabilities in 2014-15 were Rs 62.44 trillion, or 50.1 per cent of GDP. By the end of 2021-22, this figure has risen to Rs 138.88 trillion, or 58.7 per cent of GDP. In the current fiscal year, the Centre's debt is expected to reach 60.2 per cent of GDP, or Rs 155.33 trillion. The combined state and central government liabilities have increased from Rs 76.27 trillion (61.2 per cent of GDP) in 2014-15 to Rs 195.49 trillion (82.6 per cent of GDP). 

The government's interest payments have grown to 3.1 per cent of GDP, or Rs 7.31 trillion, in 2021-22, reportedly according to Minister of State for Finance, Pankaj Chaudhary. In 2014-15, interest on public debt was 3.27 trillion, or 2.6 per cent of GDP. The entire central government liabilities in 2014-15 were Rs 62.44 trillion, or 50.1 per cent of GDP. By the end of 2021-22, this figure has risen to Rs 138.88 trillion, or 58.7 per cent of GDP. In the current fiscal year, the Centre's debt is expected to reach 60.2 per cent of GDP, or Rs 155.33 trillion. The combined state and central government liabilities have increased from Rs 76.27 trillion (61.2 per cent of GDP) in 2014-15 to Rs 195.49 trillion (82.6 per cent of GDP). 

Next Story
Real Estate

Häfele launches Matrix undermount runners range

Häfele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?