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Union Budget

15 Sep 2020

Budget for the Bond Market - Budget 2019-20

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The full budget for fiscal 2019-20 presented by the Financial Minister, Nirmala Sitharaman, was largely favorable to the bond markets. Gross fiscal deficit was projected at 3.3% of GDP as compared to 3.4% projected in the interim budget. The gross and net borrowing numbers are largely unchanged from the interim budget.

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Arjun Parthasarathy
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