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Govt to borrow Rs 4.88 trillion in first half of FY21: DEA Secretary

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 trillion, higher than Rs 7.1 trillion estimated in the current fiscal

Economic Affairs Secretary Atanu Chakraborty
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Economic Affairs Secretary Atanu Chakraborty

Press Trust of India
The government will borrow Rs 4.88 trillion in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday.

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 trillion, higher than Rs 7.1 trillion estimated in the current fiscal.

Gross borrowing includes repayments of past loans.

Presenting Budget for 2020-21, Sitharaman had said net market borrowing for the year 2019-20 would be Rs

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First Published: Mar 31 2020 | 7:09 PM IST

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