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Govt pegs market borrowing at Rs 7.24 lakh crore in 1st half of FY22

Govt pegs market borrowing at Rs 7.24 lakh crore in 1st half of FY22_50.1

The government has decided to borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal (FY22) to meet resources to revive the economy hit by coronavirus pandemic. This borrowing is 60.06 per cent of the estimated gross issuances for fiscal 2021-22.

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According to Budget 2021-22, the estimated gross borrowing is pegged at Rs 12.05 lakh crore in the financial year beginning April 01, 2021. The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills.

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Govt pegs market borrowing at Rs 7.24 lakh crore in 1st half of FY22_60.1

Govt pegs market borrowing at Rs 7.24 lakh crore in 1st half of FY22_70.1

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