Macroeconomic Indicators (2 April 2011)

As per Receipts Budget of government of India for the year 2011-12, the excess of liabilities over capital outlay and loans and advances widened from 44.6% to 54.5% of total assets during the period from 2007-08 to 2011-12. The share of public debt in total liabilities increased from 67.7% to 75.4%, of which the share of market loans went up steeply from 38.5% to 55.7% during the same period. The share of other liabilities correspondingly came down. Overall, the pattern is indicative of higher public debt increasingly financing non-capital items of expenditure.