Government to borrow ₹5.03 lakh crore in H2 FY'22 to fund revenue gap
The Hindu
The Budget has pegged fiscal deficit at 6.8% for the next fiscal, down from 9.5% of the GDP in the current financial year
The government will borrow ₹5.03 lakh crore in the second half of the current fiscal to fund the revenue gap for reviving the pandemic-hit economy, the finance ministry said on Monday.
During the first half, the government has raised ₹7.02 lakh crore by issuing bonds, the ministry said in a statement.
"Out of gross market borrowing of ₹12.05 lakh crore projected for FY 2021-22 in the Union Budget, ₹7.24 lakh crore (60%) was planned to be borrowed in first half (H1).
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