Govt to borrow record Rs 15.4 lakh crore in FY24 to bridge revenue gap
New Delhi, Feb 1 (PTI) The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy.
This is higher than the total borrowing of Rs 14.21 lakh crore for the current financial year ending March 31, 2023.
Finance Minister Nirmala Sitharaman while presenting the Budget on Wednesday said the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore to finance the fiscal deficit in 2023-24.
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