Revenue Receipts and Expenditure Pattern Reviewed; Additional borrowing of only Rs20,000cr of Government Securities would be adequate to meet financing needs

Revenue Receipts and Expenditure Pattern Reviewed;

Additional borrowing of only Rs20,000cr of Government Securities would be adequate to meet financing needs

Vide the Press Release dated December 27, 2017, Government had stated that it will raise additional market borrowing of Rs50,000 crore through dated Government securities in the current financial year, 2017-18.

Upon a review of trends of revenue receipts and expenditure pattern, it has been assessed that additional borrowing of only Rs20,000 crore of Government securities would be adequate to meet financing needs. Government did not accept borrowings of Rs15,000 crore in last three auctions. Remaining Rs15,000 crore would be reduced from the notified borrowing programme of ensuing weeks.

 

DSM/SBS