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Government borrows 55% more so far this fiscal as lockdowns hit revenue collections


Government borrows 55% more so far this fiscal as lockdowns hit revenue collections
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Last Updated: May 28, 2021, 09:05 PM IST
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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.
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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. ....

Madan Sabnavis , Care Ratings Madan Sabnavis , Lakh Crore , Market Borrowing , சந்தை கடன் வாங்குதல் ,

FY21 fiscal deficit at 9.5 pc of GDP


FY21 fiscal deficit at 9.5 pc of GDP
ANI |
Updated: Feb 01, 2021 13:05 IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman said on Monday the fiscal deficit for FY21 has been pegged at 9.5 per cent of the GDP and will come down to 6.8 per cent in FY22.
The fiscal deficit will reach below 4.5 per cent by FY26, she said while presenting the Union Budget 2021-22.
Sitharaman said while gross expenditure is seen at Rs 34.5 lakh crore, the capital expenditure is expected to be Rs 4.39 lakh crore in FY21.
The government will approach market for additional Rs 80,000 crore to fund the FY21 fiscal deficit, said the Finance Minister. ....

New Delhi , Nirmala Sitharaman , Union Budget , Finance Minister Nirmala Sitharaman , Fiscal Deficit , Gross Expenditure , Market Borrowing , Union Budget 2021 22 , புதியது டெல்ஹி , தொழிற்சங்கம் பட்ஜெட் , நிதி பற்றாக்குறை , மொத்த செலவு , சந்தை கடன் வாங்குதல் ,