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Centre plans to borrow 59% of FY23 debt target in April-September

Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn

Topics
central government | national borrowing | Finance Ministry

Arup Roychoudhury  |  New Delhi 



Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year
The gross borrowing target for FY23 as announced by Finance Minister Nirmala Sitharaman in the Union Budget was Rs 14.95 trillion.

The plans to borrow Rs 8.45 trillion from the in the first half (April-September) of FY2022-23 to fund the revenue gap for reviving the economy, the said on Thursday. This will be around 59 per cent of the lowered full-year gross borrowing target of Rs 14.31 trillion.

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First Published: Fri, April 01 2022. 06:12 IST

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