Govt to continue with 2.3 lakh cr borrowing plan in
H2
16/09/2014 17:29
It is expected that the government will continue with its scheduled borrowing programme of Rs 2.3 lakh crore for the second half of the fiscal, said the media report.
The borrowing programme for the second half of the fiscal (October-March), according to sources, will be decided at a meeting between the Finance Ministry and the Reserve Bank on September 26.
"Government borrowing is expected to be in line with the budget announcement. Second half borrowing is likely to be unchanged," said the media report.
The government borrows from the market through issue of T-bills and dated securities to meet the fiscal deficit. The fiscal deficit for the 2014-15 financial year has been pegged at 4.1 per cent of the GDP.
Further, the government has already laid down the roadmap for stake sale in four major PSUs SAIL, ONGC, Coal India, NHPC which could fetch the exchequer Rs 46,000 crore, more than the Rs 43,425 crore budgeted target.
Also the government's tax revenues look optimistic as the indirect tax collection rose 4.6 per cent in April-August period to over Rs 1.94 lakh crore.
16/09/2014 17:29
It is expected that the government will continue with its scheduled borrowing programme of Rs 2.3 lakh crore for the second half of the fiscal, said the media report.
The borrowing programme for the second half of the fiscal (October-March), according to sources, will be decided at a meeting between the Finance Ministry and the Reserve Bank on September 26.
"Government borrowing is expected to be in line with the budget announcement. Second half borrowing is likely to be unchanged," said the media report.
The government borrows from the market through issue of T-bills and dated securities to meet the fiscal deficit. The fiscal deficit for the 2014-15 financial year has been pegged at 4.1 per cent of the GDP.
Further, the government has already laid down the roadmap for stake sale in four major PSUs SAIL, ONGC, Coal India, NHPC which could fetch the exchequer Rs 46,000 crore, more than the Rs 43,425 crore budgeted target.
Also the government's tax revenues look optimistic as the indirect tax collection rose 4.6 per cent in April-August period to over Rs 1.94 lakh crore.
