Business Standard

Govt to borrow Rs 2.68 trillion in H2 FY20: Economic Affairs Secretary

Out of the gross borrowing for Rs 7.10 trillion budgeted for 2019-20 fiscal, as much as 62.5 per cent has already been borrowed during April-September, he told reporters

Atanu Chakraborty
Premium

Atanu Chakraborty

Press Trust of India New Delhi
The government on Monday said its borrowing in the current fiscal will be within the budgeted Rs 7.1 trillion, and will stick to the fiscal deficit glide path, but it remained non-committal on the country's maiden overseas sovereign debt plan.

With over 62 per cent of the budgeted borrowing being already resorted to in the six months to September 30, Economic Affairs Secretary Atanu Chakraborty said the remaining half of the current fiscal will see the remainder of Rs 2.68 trillion being borrowed in rupee denomination.

With the Rs 1.45 trillion tax dole threatening to upset budgeted numbers, he sought to allay

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2019 | 6:28 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com