1/2/2024, 1:37:04 pm

Govt to borrow Rs 14.13 lakh crore via bonds in FY25, shows Budget

In her February 1 Budget speech, Finance Minister Nirmala Sitharaman announced that the Centre plans to borrow Rs 14.13 lakh crore from the markets in the 2024-25 fiscal year to cover its fiscal deficit. This is lower than the expected amount of Rs 15.2 lakh crore predicted by economists. The gross borrowing target for next year is also lower than this year's estimate of Rs 15.43 lakh crore.