Government To Borrow Rs 2.88 Lakh Crore In First Six Months Of FY19

In the budget unveiled in February, the government said it envisages a gross market borrowing of Rs 6.06 lakh crore in 2018/19

Economy | | Updated: March 26, 2018 17:52 IST
Government To Borrow Rs 2.88 Lakh Crore In First Six Months Of FY19

Raising foreign investment limit in government bonds is also being considered, said a top official.

New Delhi: The government plans to borrow Rs 2.88 lakh crore ($44.40 billion) in the first half of the 2018/19 financial year that begins in April, the government said on Monday.

In the budget unveiled in February, the government said it envisages a gross market borrowing of Rs 6.06 lakh crore in 2018/19 and a net market borrowing of Rs 4.62 lakh crore.

The government and the central bank are also considering a plan to raise the foreign investment limit in government bonds, S.C.Garg, economic affairs secretary, told reporters.
© Thomson Reuters 2018


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)