Govt to borrow Rs 50,000 cr more this financial year

Move may impact fiscal deficit target of 3.2% of GDP

The Centre looks set to breach the fiscal deficit target this year, with lower-than-expected revenue prompting it to go for additional borrowing of Rs 50,000 crore from the market. The borrowing is over and above the budget estimate of Rs 5.80 lakh crore for 2017-18, which would lead to the government missing its fiscal deficit target of 3.2 per cent of the gross domestic product (GDP) for the first time in four years.
 
At the same time, the government lowered its borrowing through short-term treasury bills by Rs 61,203 crore. This has made the task of exactly calculating the