Hitting the mark: Govt on course to stick to FY24 borrowing target

Next financial year also likely to see similar target

The government is unlikely to overshoot its borrowing target for the current financial year (FY24) as the Centre plans to stick to its fiscal consolidation path, bond market participants said.

It plans to borrow Rs 15.43 trillion (gross) in FY25, out of which Rs 6.6 trillion is likely to be taken in the second half.

Market participants suggested that the central government's borrowing plan for the upcoming financial year may not be significantly higher compared to this financial year. This is because even though the Indian economy is growing, the government may constrain its expenditure in order to meet its