Government will frontload its borrowing programme by issuing government securities worth ₹4.88 trillion or 62.56% of its gross borrowing target for FY21 in the first half (April-September) of the year.
In FY20 also, the finance ministry had issued bonds worth 62.25% of its full-year target of ₹7.1 trillion. Economic affairs secretary Atanu Chakraborty said government has factored in higher spending due to Covid-19 outbreak and will provide all necessary help for health sector, for recovery of the industry and any stimulus needed for the economy.
Finance ministry has also proposed to roll out G-sec issuance through debt Exchange Traded Fund (EFT) route by initiating appointment of required intermediaries.