Govt to borrow Rs 6.6L crore in second half of FY25

The Central Government has retained its borrowing target for the current financial year, and plans to raise Rs 6.61 lakh crore through auction of dated securities during the October-March period of 2024-25 to fund the revenue gap.

The borrowing is in line with the budgeted amount.

“Out of Gross Market borrowing of Rs 14.01 lakh crore budgeted for FY 2024-25, Rs 6.61 lakh crore (47.2 per cent) is planned to be borrowed in H2 through issuance of dated securities, including Rs 20,000 crore of Sovereign Green Bonds (SGrBs),” the Finance Ministry said in a statement.

The gross market borrowing of Rs 6.61 lakh crore shall be completed through 21 weekly auctions. The market borrowing will be spread over 3 to 50-year securities. To take care of temporary mismatches in government accounts, the Reserve Bank of India has fixed the Ways and Means Advances (WMA) limit for H2 of FY 2024-25 at Rs 50,000 crore.