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GOI will Borrow Rs 51,000 crore in March 2020

Published on March 17, 2020
Current context: The Reserve Bank of India (RBI) in consultation with the government has raised the borrowing target from short-term securities by Rs 51,000 crore during the month of March 2020.
GOI will Borrow Rs 51,000 crore in March 2020 

  • The decision is taken after reviewing the cash position of the Centre, in line with the Revised Estimate announced by the government in the Budget 2020-21.
  • The Budget 2020-21 has raised the net borrowing to Rs 4.99 lakh crore from Rs 4.48 lakh crore in the Budget Estimate.
  • As per the earlier calendar, the GOI was to borrow Rs 24,000 crore through treasury bills of various tenure.
  • The revised calendar has allowed the government to borrow Rs 75,000 crore through the treasury bills in three tranches.
  • As per the Finance Ministry, treasury bills worth Rs 25,000 crore will be auctioned on March 18, March 24 and March 30.

Question: 

Q.1 The Budget 2020-21 has raised the net borrowing to the Government of India to Rs _______ lakh crore from Rs 4.48 lakh crore in the Budget Estimate?
a. 5.89
b. 5.5
c. 4.99
d. 4.66
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