Ministry of Finance
Revenue Receipts and Expenditure Pattern Reviewed;
Additional borrowing of only Rs20,000 cr of Government Securities would be adequate to meet financing needs
Vide the Press Release dated December 27, 2017, Government had stated that it will raise additional market borrowing of Rs50,000 crore through dated Government securities in the current financial year, 2017-18.
Upon a review of trends of revenue receipts and expenditure pattern, it has been assessed that additional borrowing of only Rs20,000 crore of Government securities would be adequate to meet financing needs. Government did not accept borrowings of Rs15,000 crore in last three auctions. Remaining Rs15,000 crore would be reduced from the notified borrowing programme of ensuing weeks.
Related to Your Search:
- Highlights of the Monthly Account of the Government of India upto October 2017
- Restructuring of the IT(Income Tax) Department
- GST Revenue collection for April, 2019 recorded highest collection since GST implementation
- Annual Report on Pay & Allowances for Central Government Employees – Finance Ministry
- EPFO likely to provide 9% interest for 2014-15 – Economic Times
- Defence – Budget 2018-19 – Allocate 12.10 percent of the total Central Government Expenditure
- Government May Allow Employees To Raise NPS Fund In Stocks Soon
- Government expenditure on Central Government Employees and actual impact on government finances
- Impact of 7th Pay Commission only 25K crore and not 100K crore – Confederation