The government plans to borrow about ₹19,000 crore weekly on an average, Economic Affairs Secretary Atanu Chakraborty said New Delhi: The government will borrow ₹4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday.
The government plans to borrow about ₹19,000 crore weekly on an average, the Economic Affairs Secretary said. Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at ₹7.8 lakh crore, higher than ₹7.1 lakh crore estimated in the current fiscal.