Govt to borrow Rs 2.68 lakh crore in H2 FY20

Out of the gross borrowing for Rs 7.10 lakh crore budgeted for 2019-20 fiscal, as much as 62.5 per cent has already been borrowed during April-September

New Delhi:The government will borrow Rs 2.68 lakh crore in the second half of current fiscal, Economic Affairs Secretary Atanu Chakraborty said on Monday.

Out of the gross borrowing for Rs 7.10 lakh crore budgeted for 2019-20 fiscal, as much as 62.5 per cent has already been borrowed during April-September, he told reporters.

The government, he said, is maintaining guide path for maintaining 3.3 per cent fiscal deficit target for 2019-20.

During the first half, the government has raised Rs 4.42 lakh crore, about 62 per cent of the total borrowing.