look news india
New Delhi, March 27 (Hindustan Reporter) The central government is planning to raise Rs 7.5 lakh crore from the market during April-September in the financial year 2024-25. Its objective is to accelerate economic growth and bridge the revenue gap.
In a statement issued on Wednesday, the Finance Ministry said that the Central Government will raise Rs 14.13 lakh crore as borrowing from the market for the financial year 2024-25. In this, an amount of Rs 7.5 lakh crore i.e. 53.08 percent will be raised in the first half (April-September) of the coming financial year. This also includes Rs 12 thousand crore through Sovereign Green Bond. This is less than the gross borrowing estimate of Rs 15.43 lakh crore for the current financial year 2023-24, which was the highest amount till date.
According to the ministry, the Government of India has finalized its borrowing program for the first half of the upcoming financial year 2024-25 in consultation with the Reserve Bank of India (RBI). Union Finance Minister Nirmala Sitharaman has proposed to raise Rs 14.13 lakh crore through securities to bridge the revenue gap in the interim budget presented on February 1.
