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Govt to adhere to latest borrowing schedule

Govt to adhere to latest borrowing schedule
PTI
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First Published: Fri, Jan 16 2009. 12 26 PM IST
Updated: Fri, Jan 16 2009. 12 26 PM IST
New Delhi: The government on Friday said it will stick to its borrowing schedule as drawn up in January for 2008-09, as of now.
According to the revised borrowing schedule the government would raise Rs50,000 crore, while the earlier borrowing programme was for Rs35,000 crore in the last quarter.
“As of now the current (borrowing) schedule is sufficient for the whole fiscal,” economic affairs secretary Ashok Chawla told reporters here.
However, when asked if there could be any additional borrowing in March, Chawla said, “We will see later.”
The Reserve Bank had revised its indicative calendar for the fourth quarter of 2008-09, superseding the borrowing programme announced on 5 December.
To offset the impact of the stimulus packages, the Centre had decided to borrow Rs50,000 crore from the market, Rs15,000 crore more than what was planned in December.
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First Published: Fri, Jan 16 2009. 12 26 PM IST