India News | Govt Debt at 62 Pc of GDP; Capable of Repaying Liabilities: MoS Finance Chaudhary
Get latest articles and stories on India at LatestLY. Central government debt is estimated at about 62 per cent of GDP for this fiscal and it is capable of repaying its liabilities, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday.
New Delhi, Nov 30 (PTI) Central government debt is estimated at about 62 per cent of GDP for this fiscal and it is capable of repaying its liabilities, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday.
"Increasing the buoyancy of tax revenue through improved compliance, mobilisation of resources through monetisation of assets, improving efficiency and effectiveness of public expenditure etc are the important measures initiated by Government to control the fiscal deficit and the debt burden," he said in a written reply in the Rajya Sabha.
Also Read | Realme 9 Pro+ Reportedly Gets BIS Certification, India Launch Soon.
Government debt is held predominantly in domestic currency, he said, adding, "Government is capable to repay its debt."
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)