Interest payment by govt rises 3.1% of GDP in FY22

Interest payment of the government has increased to 3.1% of the GDP to Rs 7.31 lakh crore in 2021-22, Minister of State for Finance Pankaj Chaudhary said. Interest paid on public debt during 2014-15 stood at 3.27 lakh crore or 2.6% of the GDP. During 2014-15, the total central government liabilities stood at Rs 62.44 lakh crore or 50.1% of GDP. This increased to Rs 138.88 lakh crore or 58.7% of GDP at the end of 2021-22. The Centre's debt is projected to hit 60.2% of the GDP in the current fiscal to Rs 155.33 lakh crore, he said in reply to another question. The combined state and central government liabilities increased from Rs 76.27 lakh crore (61.2% of GDP) in 2014-15 to Rs 195.49 lakh crore (82.6% of GDP).