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Interim Budget 2019: Gross borrowing pegged at Rs 7.1 trillion for 2019-20

The fiscal deficit for the current fiscal was pegged at 3.4% gross domestic product, slightly higher than 3.3% projected earlier

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Anup Roy Mumbai

Last Updated : Feb 01 2019 | 10:20 PM IST

Gross borrowing for fiscal 2019-20 has been pegged at Rs 7.1 trillion while net borrowing was at Rs 4.73 trillion against Rs 4.22 trillion in the current fiscal year, according to the interim Budget on Friday.

The fiscal deficit for the current fiscal year was pegged at 3.4 per cent of the gross domestic product (GDP), which is slightly higher than the 3.3 per cent projected earlier. In fiscal year 2019-20 also, the fiscal deficit has been pegged at 3.4 per cent.

Bond dealers said foreign portfolio investors were heavy sellers as they expect pressure on yields to continue in

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