New Delhi, June 16: Centre's gross borrowings stood at Rs 50,001 crore till June 13, down by over nine per cent from Rs 55,001 crore in the previous year period, indicating fiscal prudence, PNB Gilts said. Gross borrowings, including the Rs 7,000 crore mopped up under Centre-state debt swap scheme, till the second week of this month was 30.1 per cent of the Rs 1,66,230 crore budgeted for the whole year, it said.

With redemptions at Rs 13,288 crore till June 13, the net borrowings stood at Rs 36,712 crore, which was down by about 15 per cent from Rs 42,984 crore in the previous year period, PNB Gilts said.

Redemptions, however, rose by about 11 per cent from Rs 12,017 crore in the year-ago period, it said.

The net borrowings of the government till the second week of June was 34.2 per cent of Rs 1,07,194 crore budgeted for this fiscal, it added.

Bureau Report