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Fixed Income And Currency Market

30 Jan 2023

Gross Centre plus state borrowing at Rs 24 trillion in budget 2023-24

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For FY24, it is expected that the domestic fiscal deficit will be budgeted at 5.5%-6.1% of GDP. Gross market borrowing is expected to stand at around Rs 16 trillion while including SDL borrowing, it is expected to cross Rs 24 trillion for next fiscal year. It can be noted that Rs 4401.29 billion government bonds are to be matured in FY24.

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Subhasis Mishra
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