(a) the ratio of public debt to the Gross Domestic Product (GDP) of the Union and the States
during each of the last three years and the current year;
(b) whether the 13th Finance Commission has recommended to bring down the said ratio by the
year 2014-15;
(c) if so, the details thereof; and
(d) the steps taken/proposed to be taken by the Government in this regard?
FINANCE MINISTER (SHRI P. CHIDAMBARAM)
(a) to (d): A statement is placed on the table of the House.
Statement referred to in reply to Lok Sabha Starred Question No 367 for answer on March 22, 2013
raised by SHRJ JEETENDRA SINGH BUNDELA and SHR1 HANSRAJ G. AH1R regarding Public Debt
(a): Debt to GDP ratio of the Union and State Governments during each of the last three years
and current year ft as under:
Year Union Government State Governments (Percentage of GDP) 2009-10 48.8 25.6 2010-11 45.3 23.5 2011-12 46.3 22.3 2012-13 (RE) 45.9 22.2(b) and (c): The breakup of recommended debt targets for Centre, states and General Government by the 13th Finance Commission by the year 2014-15 is given below:
(Percentage of GDP) 2014-15 1. Debt Stock-Centre 44.8 2. Debt Stock-States 24.3 3. Outstanding central Loans to states 1.3 4. Consolidated Debt 67.8(d): The Central Government has embarked upon a fiscal consolidation roadmap to bring down the fiscal deficit of the Government to 3.0 per cent of GDP by 2016-17. Since fiscal deficit is the annual flow into the debt stock, it will in term lead to reduction in the debt stock.