Home / Economy / News / Govt to borrow Rs 4.88 trn, 62.56% of gross target in April-Sept period

Govt to borrow Rs 4.88 trn, 62.56% of gross target in April-Sept period

Chakraborty also said as of now, the switch and buyback plan for 2020-21 was around Rs 2.7 trillion

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Economic Affairs Secretary Atanu Chakraborty

Arup Roychoudhury Anup Roy New Delhi/Mumbai

4 min read Last Updated : Apr 01 2020 | 3:18 AM IST

The Centre will borrow Rs 4.88 trillion, or 62.56 per cent of the 2020-21 gross borrowing target of Rs 7.8 trillion, in April-September, the government and the Reserve Bank of India (RBI) said on Tuesday.

In FY20, the finance ministry had issued bonds worth 62.25 per cent of its full-year target of Rs 7.1 trillion. Contrary to expectations of many in the markets, the Centre has not increased its borrowing plans for the fiscal year starting April 1, instead relying on front-loading G-sec issues around the same level as the first half of 2019-20.

When asked if there were plans

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