FinMin, RBI finalise H2 borrowing calendar

The government should complete a major part of the borrowing by January 9.

The Finance Ministry and the RBI have reportedly finalised the borrowing calendar for the fiscal year at its Budgeted level.

It is worth mentioning here that Subhash Chandra Garg, Secretary, Department of Economic Affairs, did not exclude the possibility of reviewing the borrowing target towards the fourth quarter of the current fiscal.

“If additional expenditure in the Supplementary Demand for Grants is authorised in the Winter Session of Parliament, we will have to see (additional borrowing),” BusinessLine quoted Garg as saying.

The Centre is mulling over raising a gross Rs 2.08 lakh crore and net Rs 1.92 lakh crore through market borrowings conducted by the RBI in the second half of the fiscal.

The government plans to conclude a major part of the borrowing by January 9, Garg added.

Source: BusinessLine

Add new comment