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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..

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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%.

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