Finance

GoI to borrow Rs 5.92 lakh crore in second half of fiscal year 2022-23

Reserve Bank of India headquarter. [File Photo]

New Delhi: The Government of India (GoI) on Thursday cut its market borrowing target for the current fiscal by Rs 10,000 crore in signs of buoyant tax collections.

“GoI will do total borrowing of Rs 5.92 lakh crore during October-March period of the current fiscal, including from issuance of its maiden Sovereign Green Bonds of Rs 16,000 crore,” PTI reported quoting an official statement of the Finance Ministry of India.

The GoI had in Budget for 2022-23 projected a gross market borrowing of Rs 14.31 lakh crore. Of this, the government decided to borrow Rs 14.21 lakh crore during 2022-23.

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