Budget 2024: Government to borrow ₹14.13 trillion in 2024-25

Reuters Updated - February 01, 2024 at 12:16 PM.
New Delhi: Union Finance Minister Nirmala Sitharaman arrives at Parliament House complex to present the Interim Budget 2024, in New Delhi, Thursday, Feb. 1, 2024. | Photo Credit: PTI

The Indian government will borrow a gross of ₹14.13 trillion ($170.36 billion) in the fiscal year starting April 1, compared with ₹15.43 trillion for the current fiscal, Finance Minister Nirmala Sitharaman said on Thursday.

Net borrowings are pegged at ₹11.75 trillion for the next financial year.

The gross borrowing is lower than economists' estimate of ₹15.6 trillion, according to a Reuters poll.

($1 = 82.9400 Indian rupees)

Published on February 1, 2024 06:46

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