Centre reins in its debt at 56% for FY22 against 60% pegged in Budget

Committed to fiscal deficit targets for FY23: Economic Affairs Secretary Ajay Seth

The central government has controlled its debt at 56.29 per cent of the country's gross domestic product (GDP) at the end of 2021-22, compared to 59.9 per cent pegged in the budget revised estimates (RE).

Part of it was due to revision in the country's gross domestic product (GDP) by the time actual data on government debt was released in the latest quarterly report on public debt management by the department of economic affairs in the finance ministry.

"The debt-to-GDP ratio works out to a lower percentage, as per the Quarterly Report for January-March, 2022, because the Quarterly Report has