Government’s total public debt India The total public debt of the Government marginally decreased to Rs.4, 625,037 crore at end-March 2014 from Rs.4, 629,689 crore at end December 2013 accounting for (QoQ) decline of 0.1% (provisional) compared with an increase of 3.1% in the previous quarter (Q3 of FY13). Government Finances— The gross fiscal deficit of the Central Government in revised estimates (RE) 2013-14 (FY14) was placed at Rs.5,24,539 crore (4.6% of GDP) as against budgeted level of Rs.5,42,499 crore (4.8% of GDP). The gross and net market borrowing requirements of the Government were, however, reduced in RE for FY14 to Rs.5, 63,911 crore and Rs.4, 68,902 crore from budgeted levels of Rs.5, 79,009 crore and Rs.4, 84,000 crore, respectively. Gross fiscal deficit for FY15 is budgeted (in interim budget 2014-15) at Rs.5, 28,631 crore (4.1% of GDP) with corresponding gross and net market borrowings at Rs.5, 97,000 crore and Rs.4, 57,321 crore, respectively. During the year 2013-...
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