The Central Government is looking at borrowing around Rs.40,000 crore more to make up for the shortfall in revenue receipts and poor disinvestment realisation in the current fiscal.
The government may borrow Rs.30,000-40,000 crore to plug a shortfall in receipts in the current fiscal
If approved, it would be the second additional borrowing. As per the revised target, gross market borrowing for the current fiscal is pegged at Rs.4.70 lakh crore.
Earlier this week, a top Finance Ministry official had admitted that the government was finding it difficult to meet the direct tax target due to industrial slowdown and might go in for larger market borrowings.
In September, the government had announced an additional market borrowing of Rs.52,800 crore on top of Rs.4.17 lakh crore planned in the budget.
Besides, slowdown in the economic activities due to domestic and global factors, the government's subsidy bill on petroleum and fertilizers is likely to increase further
