Govt pegs market borrowing at ₹7.24 lakh crore in first half of FY22
The Hindu
The government will borrow ₹7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by coronavirus pandemic. According to the Budget for 2021-22, the governmen
The government will borrow ₹7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by coronavirus pandemic. According to the Budget for 2021-22, the government's gross borrowing was estimated at ₹12.05 lakh crore in the financial year beginning April 1. "In the Budget, we had announced that there would be a gross borrowing of ₹12.05 lakh crore and net borrowing of ₹9.37 lakh crore. In the first half of 2021-22, we would be borrowing ₹7.24 lakh crore, which is 60.06% of the gross issuances," Economic Affairs Secretary Tarun Bajaj said.
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