Govt to borrow Rs 6 lakh crore in FY15

July 10, 2014 17:01

The government will in the current fiscal borrow Rs 6 lakh crore, up from Rs 5.63 lakh crore last year, as it repays past liabilities and uses debt to bridge revenue shortfall. However, the net borrowings will be Rs 4,61,204 crore, after considering repayments of past loans and interests. This is nearly Rs 7,700 crore lower than Rs 4,68,901 crore in 2013-14, according to Budget 2014-15 presented by Finance Minister Arun Jaitley in Parliament.

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