Question
The government has mobilized a gross amount of Rs 5.77
lakh crore by issuing dated securities in the current financial year up to July 31, 2023. The central government has planned to raise net debt resources of _______from various sources in 2023-24, mainly to finance its fiscal deficit.Solution
The government has mobilized a gross amount of Rs 5.77 lakh crore by issuing dated securities in the current financial year up to July 31, 2023. It has raised a net amount of Rs 4.18 lakh crore through the instrument in the same period. The central government has planned to raise net debt resources of Rs 17.99 lakh crore from various sources in 2023-24, mainly to finance its fiscal deficit. The government plans a gross market borrowing of Rs 15.4 lakh crore from dated securities in FY24.
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