Govt to borrow Rs 8.45 lakh cr from the market in Apr-Sep
The Union government is looking to raise Rs 8.45 lakh crore through borrowing in the first half of 2022-23 to fund the revenue gap for reviving the economy, the Finance Ministry said on Thursday.
Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh crore is planned to be borrowed in the first half (H1), an official statement said.
As per the Budget document, the gross market borrowing through dated securities for 2022-23 is Rs 14,95,000 crore. Taking into account the switch operations conducted on January 28, 2022, the gross market borrowing through dated securities for 2022-23 is expected at Rs 14,31,352 crore, it said.
The borrowing is scheduled to be completed in 26 weekly tranches of Rs 32,000-33,000 crore, it said.
It further said the borrowing will be spread under 2, 5, 7, 10, 14, 30 and 40-year securities and Floating Rate Bonds of various tenors
