<p>The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half of 2023-24 to fund the revenue gap for pushing economic growth, the Finance Ministry said on Wednesday.</p>.<p>Out of the gross market borrowing of Rs 15.43 lakh crore estimated for FY2023-24, Rs 8.88 lakh crore or 57.5 per cent is planned to be borrowed in the first half (H1), an official statement said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/average-increments-to-drop-to-91-in-2023-across-sectors-study-1204665.html" target="_blank">Average increments to drop to 9.1% in 2023 across sectors: Study</a></strong></p>.<p>The borrowing is scheduled to be completed in 26 weekly tranches of Rs 31,000-39,000 crore. The borrowing will be spread under 3, 5, 7, 10, 14, 30 and 40-year securities, it said.</p>
<p>The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half of 2023-24 to fund the revenue gap for pushing economic growth, the Finance Ministry said on Wednesday.</p>.<p>Out of the gross market borrowing of Rs 15.43 lakh crore estimated for FY2023-24, Rs 8.88 lakh crore or 57.5 per cent is planned to be borrowed in the first half (H1), an official statement said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/average-increments-to-drop-to-91-in-2023-across-sectors-study-1204665.html" target="_blank">Average increments to drop to 9.1% in 2023 across sectors: Study</a></strong></p>.<p>The borrowing is scheduled to be completed in 26 weekly tranches of Rs 31,000-39,000 crore. The borrowing will be spread under 3, 5, 7, 10, 14, 30 and 40-year securities, it said.</p>