Govt to borrow Rs 4.42 lakh cr via gilts in H1FY20

Announcing borrowing calendar for the next financial year, Economic Affairs Secretary Subhash Chandra Garg on Friday said the government will raise Rs 4.42 lakh crore in the first half of FY20.The Centre will auction Rs 17000 crore of gilts per week in April-September.The high borrowing is due to repayment obligations. “There is repayment of obligation of Rs 1.02 lakh crore in the first half on new financial year and Rs 1.35 lakh crore in the second half,” Garg said. More to come...

from Economic Times https://ift.tt/2FDgd99