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Monday, 08 October 2012 - 11:18
Rapid rise in public debt
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The rise in public debt has crossed the 1 trillion rupees mark within the first seven months of this year, renewing fresh concerns over sustainability.

As per provisional data, public debt as at July 2012 amounted to 6.16 trillion rupees, up by 1.02 trillion rupees or 20% from end 2011 figure of 5.133 trillion rupees.

In whole of 2011, the increase was only 543 billion rupees or 12% over 2010. 

The increase this year is high whereas from a year ago the rise is only 1.18 trillion rupees.

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