Mint Primer: Government borrowing: What it means for the economy
1 year, 5 months ago

Mint Primer: Government borrowing: What it means for the economy

Live Mint  

NEW DELHI : The central government on Tuesday announced that it will borrow ₹6.55 trillion during the second half of the ongoing fiscal year, keeping its borrowing plans unchanged. The central government will borrow ₹6.55 trillion during the second half of the ongoing fiscal year, which comprises 42.45% of its gross market borrowing of ₹15.43 trillion for the full year. The Centre often front-loads its capital expenditure plans, which means borrowing more during the first half of the year, to maintain growth momentum. The Centre’s borrowing has increased from about ₹7 trillion in FY20 to about ₹15 trillion in the ongoing fiscal, as it shores up its capital expenditure to push for growth often in the absence of a boom in private capital.

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History of this topic

Modi banks on households to rein in a $346 billion debt pile
16 hours, 38 minutes ago

Modi banks on households to rein in a $346 billion debt pile

Deccan Chronicle  

Prime Minister Narendra Modi has a $346 billion debt problem that his administration wants help for from the nation’s households.A record 29.7 trillion rupees of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and Modi’s infrastructure-spending binge. This shift is transforming India’s government securities market, he said.The finance ministry has set a record target …

Delhi CM Rekha Gupta presents ₹one lakh crore “historic budget” for 2025-26
Trending News
1 day, 14 hours ago

Delhi CM Rekha Gupta presents ₹one lakh crore “historic budget” for 2025-26

Hindustan Times  

Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday presented the Budget for the financial year 2025-26 with an outlay of ₹one lakh crore, marking a 31.5 per cent increase from the previous year. Calling it a “historic Budget,” Gupta emphasized that the era of “corruption and inefficiency” was over, with the government doubling capital expenditure to ₹28,000 crore. …

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister
1 week, 5 days ago

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister

The Hindu  

Tamil Nadu Finance Minister Thangam Thennarasu on Friday presented the Medium Term Fiscal Plan, which stated the State government has planned to borrow ₹1,62,096.76 crore during 2025-26 and make repayment of ₹55,844.53 crore. Mr. Thennarasu said Tamil Nadu remains a key growth engine, driven by a robust manufacturing base, rapid expansion in the services sector, and sustained public and private …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
3 weeks, 2 days ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
3 weeks, 5 days ago

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target

Live Mint  

India's fiscal deficit for the April-January period of financial year 2024-25 stood at ₹11.70 trillion, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. Receipts and expenditure During the April-January period, net tax receipts stood at ₹19.04 trillion, or 74.4% of the target set in the annual budget, against ₹18.80 …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
3 weeks, 5 days ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

Demand for debt sale to guide Indian bonds before RBI minutes
1 month ago

Demand for debt sale to guide Indian bonds before RBI minutes

Live Mint  

By Dharamraj Dhutia MUMBAI, Feb 21 - Indian government bond yields were largely unchanged on Friday as market participants awaited the outcome of the weekly debt auction and the minutes of the central bank's latest policy meeting. New Delhi aims to raise 340 billion rupees in its penultimate debt sale for the current financial year that ends in March. On …

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM
1 month, 2 weeks ago

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM

Live Mint  

New Delhi: India is on course to making a speedy rebound and to retaining the tag of the fastest growing economy on account of its strong fundamentals and measures taken by the government, finance minister Nirmala Sitharaman told Parliament on Tuesday. I want to inform members, on account of strong economic foundation, a speedy rebound is happening and we shall …

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha
1 month, 2 weeks ago

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha

The Hindu  

The Government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday She said the effective capital expenditure in FY'26 is ₹15.48 lakh crore, which is 4.3% of GDP. "It indicates that the government is using almost the entire borrowed resources for financing effective capital expenditure. So, in effect, the government …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 3 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal …

Budget 2025: Centre seeks over ₹78,000 crore on securities trading levies next fiscal
1 month, 3 weeks ago

Budget 2025: Centre seeks over ₹78,000 crore on securities trading levies next fiscal

Hindustan Times  

The Centre is expecting to collect more taxes from levies imposed on securities trading, after Union finance minister Nirmala Sitharaman's Budget 2025 estimated over 40% jump in such collection to cross $9 billion next year, Bloomberg reported. Centre cuts borrowing target to ₹ 11.54 lakh crore During her budget speech, finance minister Sitharaman announced that the government has reduced its …

Centre balances fiscal discipline with robust capital spending, support to states
1 month, 3 weeks ago

Centre balances fiscal discipline with robust capital spending, support to states

Live Mint  

New Delhi: The Union budget for FY26 presented by finance minister Nirmala Sitharaman on Saturday sought to signal prime minister Narendra Modi administration’s commitment to fiscal consolidation, infrastructure creation and support to states for building roads, highways and utilities. A robust 20% growth in personal income tax achieved in FY25 helped Sitharaman to offer income tax relief to individuals under …

Govt cuts borrowing target to ₹11.54 lakh cr for FY26
1 month, 3 weeks ago

Govt cuts borrowing target to ₹11.54 lakh cr for FY26

The Hindu  

The government has reduced its borrowings estimate for next financial year to ₹11.54 lakh crore on net basis as it expects an improvement in tax collection. However, gross market borrowings have now been revised upward to ₹14.82 lakh crore from ₹14.01 lakh crore estimated for the current financial year. The net tax receipts are estimated at ₹28.37 lakh crore," Finance …

India bond yields a tad up before budget, 10-year yield posts monthly decline
1 month, 3 weeks ago

India bond yields a tad up before budget, 10-year yield posts monthly decline

Live Mint  

By Dharamraj Dhutia MUMBAI, Jan 31 - Indian government bond yields ended marginally higher on Friday as market participants await the annual budget for directional triggers. Economists polled by Reuters expect New Delhi to stick to a fiscal deficit target of 4.5% of gross domestic product for the financial year starting in April when it presents the budget on Feb. …

Delhi Assembly polls 2025: Kejriwal says Delhi polls battle of two ideologies, accuses BJP of giving ‘freebies to corporates’
2 months ago

Delhi Assembly polls 2025: Kejriwal says Delhi polls battle of two ideologies, accuses BJP of giving ‘freebies to corporates’

The Hindu  

Aam Aadmi Party national convenor Arvind Kejriwal on Sunday said that the people of Delhi should decide whether the ‘Ganga of public funds’ should flow towards the people under the ‘AAP model’ or towards about 400 billionaires under the ‘BJP model’. At a press conference here, he said that the Delhi election will be a choice between two ideologies and …

Capital markets to watch budget balance between fiscal deficit and spending
Trending News
2 months ago

Capital markets to watch budget balance between fiscal deficit and spending

Live Mint  

India’s market participants will watch the upcoming Union Budget for 2025-26 for proposals to boost consumption while continuing on the patch of fiscal consolidation as the economy grapples with a slowdown. The expectations from finance minister Nirmala Sitharaman’s eight budget are centered around potential reforms and fiscal measures that could boost various sectors and maintain India's growth momentum, said Dhiraj …

Budget 2025 | Tax breaks to spur spending, boost economy?
2 months ago

Budget 2025 | Tax breaks to spur spending, boost economy?

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman is likely to offer income tax breaks for individuals in the Union budget for FY26 as part of efforts to boost household spending and stimulate economic growth, two persons informed about discussions in the government said. While the exact changes to the new personal income tax regime will be finalized over the next few …

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target
2 months, 3 weeks ago

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target

Deccan Chronicle  

New Delhi: Crossing the halfway mark in the first eight months of the year, India’s fiscal deficit stood at Rs 8.5 lakh crore or 52.5 percent of the Budget target. “Net tax receipts for the first eight months of the current financial year were at Rs 14.43 lakh crore, or 56 per cent of the annual target, compared with Rs …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
2 months, 3 weeks ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

Centre seeks Parliament nod for net extra spending over ₹44,100 crore
3 months, 2 weeks ago

Centre seeks Parliament nod for net extra spending over ₹44,100 crore

Live Mint  

New Delhi: The finance ministry on Thursday sought Parliament's approval for net extra spending of ₹44,143 crore in the current financial year for administrative and subsidy requirements, showed the first supplementary demands for grants tabled in the House. The net additional spending of ₹44,143 crore is unlikely to have a big impact on the government’s fiscal deficit target of ₹16.1 …

India’s GDP growth shocker: Bad news can be good too
3 months, 3 weeks ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
3 months, 3 weeks ago

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex

Live Mint  

India’s fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. During the April-October period, while non-tax revenue stood at ₹3.99 trillion or 73.2% of the annual budget estimates, total revenue receipts stood at ₹17.23 trillion, or 53.7% of the estimates …

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn
4 months ago

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn

Live Mint  

Twelve states collectively raised ₹30,790 crore on Tuesday through state government securities auctions for November, reflecting a pick-up in economic activity after a sluggish start to the fiscal year, according to data released by the Reserve Bank of India. Incidentally, state borrowings through dated government securities had seen a rise following a slowdown during Q1FY25, when states raised ₹52,971 crore, …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
4 months, 2 weeks ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Punjab to borrow more as debt burden mounts
4 months, 2 weeks ago

Punjab to borrow more as debt burden mounts

Hindustan Times  

Amid concerns over rising state debt, the Punjab government has planned to borrow ₹5,000 crore in the third quarter of the current fiscal year. The state government has been on a borrowing spree, raising ₹21,119 crore in the first half of the 2024-25 financial year, which amounts to approximately 70% of the net borrowing of ₹30,464.92 crore projected in the …

Central government debt set to double to ₹185 trillion by FY25 amid fiscal challenges and policy shifts
7 months, 3 weeks ago

Central government debt set to double to ₹185 trillion by FY25 amid fiscal challenges and policy shifts

Live Mint  

India's central government debt is projected to escalate to ₹185.27 trillion, or 56.8% of GDP, by the financial year 2024-25, up from ₹93.26 trillion, or 49.3% of GDP, in 2018-19, the minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. This projected increase in debt follows a significant rise over the …

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25
7 months, 3 weeks ago

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25

News 18  

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product, at the end of …

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25
8 months ago

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25

Hindustan Times  

The government has lowered its borrowings estimate for the current financial year to 14.01 lakh crore as there is an improvement in tax collection. Union Finance Minister Nirmala Sitharaman showcases a red pouch carrying the Budget documents, outside the Finance Ministry in North Block The government has to borrow by issuing dated securities to meet its fiscal deficit target. The …

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls
8 months, 2 weeks ago

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls

Hindustan Times  

Mumbai: Merely a week after the ₹6,12,293 crore budget for 2024-25 was presented, the state government tabled the supplementary demands of ₹94,889 crore, making it the highest ever in history. The supplementary demands mostly aim to finance the populist schemes announced in the budget in anticipation of the upcoming Assembly polls scheduled for October this year. Jayant Patil, former finance …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
8 months, 3 weeks ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24
1 year, 2 months ago

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

The Hindu  

The Tamil Nadu government plans to borrow ₹37,000 crore in the fourth quarter of fiscal 2023-24, according to the indicative calendar of market borrowings released by the Reserve Bank of India. So far in fiscal 2023-24, Tamil Nadu’s total tax revenue stood at about ₹1.27 lakh crore, which is 57.27% of the budgeted estimates, according to the provisional figures from …

Mint Explainer: What are the government's borrowing plans for FY24?
1 year, 7 months ago

Mint Explainer: What are the government's borrowing plans for FY24?

Live Mint  

Every fiscal year, the government borrows from a variety of sources in order to close the fiscal deficit gap in the union budget. To finance its fiscal deficit in FY 2023-24, the central government is planning to raise net debt of ₹17.99 trillion from various sources. During FY 24, the government plans to raise ₹11.81 trillion from market loans, ₹ …

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre
1 year, 7 months ago

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre

The Hindu  

The Central government has said that the off-budget borrowings by the Andhra Pradesh government will be considered as State government loans. Andhra Pradesh government’s off-budget borrowings stand at ₹79,815 crore and the excess over the borrowings by the State government will be adjusted in the subsequent financial years, it has said. Giving a reply to a question raised by TDP …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
2 years ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

Puducherry government to raise ₹250 crore from open market to bridge revenue gap
2 years, 1 month ago

Puducherry government to raise ₹250 crore from open market to bridge revenue gap

The Hindu  

The Puducherry government is set to raise ₹250 crore through the auction of 18-year dated securities to bridge revenue gaps for the current financial year. “The amount of ₹250 crore raised through auction will be the last open market borrowing for the current financial year. In this fiscal, the government has so far borrowed ₹1,424 crore, including ₹100 crore as …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
2 years, 1 month ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year
2 years, 1 month ago

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year

Hindustan Times  

Presenting the final full budget of the Modi government ahead of next year's parliamentary elections, Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore towards the Pradhan Mantri Awas Yojana. New Delhi: Union Finance Minister Nirmala carrying a folder-case poses for photographs outside the Finance Ministry at North Block, in New Delhi, Wednesday, Feb. 1, 2023, …

Budget 2023 may peg gross borrowing under ₹16 trillion: Report
2 years, 1 month ago

Budget 2023 may peg gross borrowing under ₹16 trillion: Report

Live Mint  

India's federal government is likely to keep its gross market borrowing below ₹16 trillion for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The government has so far raised ₹12.93 trln up to Jan. 27, which is 91% of the overall gross borrowing target of ₹14.21 …

Budget session of Parliament to begin January 31, PM Modi meets economists
2 years, 2 months ago

Budget session of Parliament to begin January 31, PM Modi meets economists

India Today  

The Budget Session, 2023 of Parliament is set to commence on January 31 and will continue till April 6, 2022. BUDGET LIKELY TO CAP FISCAL DEFICIT AT 5.8 PER CENT The Centre and states are likely to budget for higher market borrowings to the tune of Rs 2.3 lakh crore next fiscal even though the Union budget may peg a …

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise
2 years, 2 months ago

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise

The Hindu  

The Centre and States are likely to budget for higher market borrowings to the tune of ₹2.3 lakh crore next fiscal even though the Union budget may peg a lower-than-expected fiscal deficit for the Centre at 5.8% of GDP, says a report. She also expects the forthcoming budget to enhance the Centre's capex to Rs 8.5-9 lakh crore and target …

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA
2 years, 2 months ago

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA

News 18  

The government will peg its fiscal deficit in the FY2024 Budget Estimates at 5.8 per cent of the GDP, a healthy moderation from the 6.4 per cent of GDP projected for FY2023, according to a report by ratings agency ICRA. Aditi Nayar, chief economist and head of ICRA, said, “With a global growth slowdown looming large, the FY2024 Union Budget …

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report
2 years, 2 months ago

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report

Deccan Chronicle  

NEW DELHI: The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. Public debt accounted for 89.1 per cent of total gross liabilities at September-end 2022, up from 88.3 per cent as on June 30, …

Government aims to borrow ₹10,000 crore less in FY23 on tax mop up
2 years, 5 months ago

Government aims to borrow ₹10,000 crore less in FY23 on tax mop up

The Hindu  

The government on Thursday slashed its market borrowing target for FY23 by ₹10,000 crore, indicating buoyant tax collections which would be enough to bear ₹44,762 crore additional expense on free ration distribution. In a statement, the Finance Ministry said the government will do total borrowing of ₹5.92 lakh crore during October-March period of the current fiscal, including from issuance of …

Centre mulls spending over ₹2 lakh crore to fight inflation, say sources
2 years, 10 months ago

Centre mulls spending over ₹2 lakh crore to fight inflation, say sources

The Hindu  

The government is considering spending an additional ₹2 lakh crore in the 2022-23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters. The new measures will be double the ₹1 lakh crore hit government revenues could take from tax cuts on petrol and diesel the Finance Minister announced on May 21, …

Centre may auction more debt in 2021/22: Report
3 years, 1 month ago

Centre may auction more debt in 2021/22: Report

Live Mint  

The Indian government may hold more debt auctions after its last scheduled tender for the fiscal year on Friday, two people familiar with the matter said, to take advantage of the relatively low cost of borrowing. The government had cancelled its last two weekly debt sales, each worth 240 billion rupees, as global yields surged and it had achieved a …

Fireballs juggled well; brickwork laid for growth
3 years, 1 month ago

Fireballs juggled well; brickwork laid for growth

Live Mint  

When people have hope, you have a middle class.” The FY23 Union budget follows a simple rule: committed expenditure juxtaposed against sombre revenue projections. Gross market borrowing through dated securities has been budgeted at ₹14.95 trillion, and taking repayments of ₹3.1 trillion, net market borrowing stands at ₹11.8 trillion. For FY23, with the ceiling of net borrowing at 4% of …

Centre to borrow Rs 11.6 lakh Crore in FY'23 to meet expenditure requirement
3 years, 1 month ago

Centre to borrow Rs 11.6 lakh Crore in FY'23 to meet expenditure requirement

India TV News  

Highlights Total market borrowings of the government for 2022-23 are estimated at Rs 11,58,719 crore. This is nearly Rs 2 lakh crore higher than the current year's Budget estimate of Rs 9.7 lakh crore. The government will borrow about Rs 11.6 lakh crore from the market in 2022-23 to meet its expenditure requirement. Gross borrowing for the next financial year …

India seen boosting budget spending on infrastructure
3 years, 1 month ago

India seen boosting budget spending on infrastructure

Deccan Chronicle  

NEW DELHI: India plans to raise spending on infrastructure in its annual budget next week to set the economy on a firmer footing, but fiscal constraints leave little chance of concessions for households hurting from the pandemic, officials said. Yet these are likely to be overshadowed by spending to beef up transport and healthcare networks, which analysts estimate could rise …

Centre's fiscal deficit at ₹5.47 lakh crore at end-October
3 years, 3 months ago

Centre's fiscal deficit at ₹5.47 lakh crore at end-October

The Hindu  

The Union government's fiscal deficit works out to be ₹5.47 lakh crore or 36.3% of the budget estimates at the end of October 2021 on the back of improvement in revenue collection, according to the data released by the Controller General of Accounts on Tuesday. Commenting on the data, Aditi Nayar, Chief Economist, ICRA Limited, said despite the likely revenue …

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