Key Points
New Delhi, Mar 27 (PTI) The Centre is planning to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap to push economic growth, the finance ministry said on Wednesday...
Out of gross market borrowing of Rs 14.13 lakh crore estimated for 2024-25, Rs 7.5 lakh crore, or 53 per cent, is planned to be borrowed in the first half (H1), an official statement said.. Finance Minister Nirmala Sitharaman in interim Budget proposed to borrow Rs 14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year...
This is lower than last years gross borrowing estimate of Rs 15.43 lakh crore, which was the highest ever...
Now that private investments are happening at scale, the lower borrowings by the central government will facilitate larger availability of credit for the private sector, she had said.. There are signs of private investment picking up in the steel and cement sector due to massive capital expenditure by the government...
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