title-bar

Government to borrow Rs 2.88 lakh crore in first half of FY19; announces short-term securities

By: |
Updated: March 26, 2018 5:36:56 PM

The government will borrow Rs 2.88 lakh crore in the first half of the fiscal year 2018-19, DEA Subhash Chandra Garg said on Monday, adding that the government will be also be introducing the issuance of different government securities in 1-4 year bucket.

PM's Employment Scheme, employment scheme, bank loansGovernment to borrow Rs 2.88 lakh crore in first half of FY19; announces short-term securities

The government will borrow Rs 2.88 lakh crore in the first half of the fiscal year 2018-19, DEA Subhash Chandra Garg said on Monday, adding that the government will be also be introducing the issuance of different government securities in 1-4 year bucket, besides the benchmark 10-year securities.

The government has pegged the fiscal deficit for the fiscal year 2019 at 3.3%, which in absolute terms will be 6.42 lakh crore. Last fiscal, the government had borrowed Rs 3.72 lakh crore in the first half. Giving details of different buckets of government securities, Subhash Chandra Garg will issue 8.3% of bonds in 1-4 year bucket.

Here’s all you need to know:

  • The government will issue 25% of bonds in 5-9 year bucket
  • The government will issue 29.2% of bonds in 10-14 year bucket
  • The government will issue 22.9% of bonds in 20 plus year bucket
  • The government also announced introducing Inflation-indexed bonds which will be linked to CPI Inflation
  • The DEA said that the overall borrowings will be less the budgeted amount
  • The government will also issue 13 T-bills of Rs 15,000 crore each in the first three months of FY19
  • T-bills worth Rs 1.53 lakh crore will mature in the first quarter of FY19

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition