Govt to tap markets for more funds

Govt to tap markets for more funds

The borrowing in the first half of next fiscal will be less front-loaded (borrowing in tranches) than the similar period of the outgoing fiscal because access to overseas borrowings will be lot more improved next fiscal, finance secretary Ashok Chawla told reporters here after a meeting with the Reserve Bank.“This year in the first half, 73 per cent of the total borrowing was mopped up. So, in the first half of the next fiscal, it is slightly on the lower side,” Chawla said.

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