You are here: Home » Budget » News » Economy
Business Standard

Govt to borrow Rs 6 lakh crore in FY16

However, the net borrowings in 2015-16 will be Rs 4.56 lakh crore, after considering repayments of past loans and interests

Press Trust of India  |  New Delhi 

The government will borrow Rs 6 lakh crore from the market in 2015-16 fiscal, up from Rs 5.92 lakh crore in the current fiscal.

The budgeted target for borrowing in current fiscal was Rs 6 lakh crore, but the government will raise only Rs 5.92 lakh crore from the markets..

Read our full coverage on Union Budget

However, the net borrowings in 2015-16 will be Rs 4.56 lakh crore, after considering repayments of past loans and interests.

It was Rs 4.53 lakh crore in current fiscal.

The government borrows from the markets through T-bills and other instruments to fund the fiscal deficit.

In the financial year ending March, the fiscal deficit has been estimated at 4.1%.

In 2015-16, the deficit will be pruned to 3.9%.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 28 2015. 18:02 IST