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Govt to borrow Rs 4.42 trn in 1st half of FY20: Economic Affairs Secretary

The calendar released by the Reserve Bank of India (RBI) on its website showed that the weekly borrowing would be Rs 17,000 crore, less than the Rs 18,000 crore witnessed by the market in H2, FY19

Subhash Chandra Garg
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“When we don’t have any shortfall on the revenue side, where is the need for curbing expenditure?"

Anup Roy Mumbai
The government’s first half gross borrowing would be Rs 4.42 trillion, about 62.25 per cent of the total planned for the full 2019-20.
 
Generally, the government front-loads the borrowing to leave the second half to corporate borrowers to raise money. However, in 2018-19, the government decided to borrow 47.5 per cent in the first half, as bond yields moved up rapidly since September 2017. The share of the total borrowing is largely in line with market expectations. The expectations was that there will be 60-62 per cent borrowing in the first half (H1).
 
The calendar released by the

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First Published: Mar 30 2019 | 12:58 AM IST

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