Govt to borrow Rs 8.88 lakh cr in April-Sept

PTI

Updated At : 01:28 PM Mar 30, 2023 IST

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New Delhi, March 29

The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half of 2023-24 to fund the revenue gap for pushing economic growth, the Finance Ministry said on Wednesday.

Out of the gross market borrowing of Rs 15.43 lakh crore estimated for FY2023-24, Rs 8.88 lakh crore is planned to be borrowed in the first half (H1), an official statement said. The borrowing is scheduled to be completed in 26 weekly tranches of Rs 31,000-39,000 crore.

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