Government borrows 55% more so far this fiscal as lockdowns hit revenue collections SECTIONS Last Updated: May 28, 2021, 09:05 PM IST Share Synopsis The market borrowing of Rs 2.1 lakh crore is 17.5 per cent of the budgeted debt creation of Rs 12.05 lakh crore for the full year and 30 per cent of the first half borrowings calendar of Rs 7.24 lakh crore. Getty Images At the latest borrowing on Friday, the government borrowed only Rs 26,550 crore of the Rs 32,000 crore notified. Of the total bids worth Rs 19,114 crore were accepted by the RBI while bids for Rs 7,437 crore were devolved to the primary dealers. Indicating a massive revenue crunch due to the second wave of the pandemic that has forced many states to declare full lockdowns for almost two months now, the Centre has borrowed Rs 2.1 lakh crore so far this fiscal -- a whopping 55 per cent more than what it was a year ago.