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Centre borrows Rs 94 bn in H1, to mop up Rs 25 bn in Oct-Feb
New Delhi, Oct 11: Centre`s gross borrowings stood at Rs 94,030 crore so far even as it aims to mop up Rs 25,000 crore during Oct `03-Feb `04.
New Delhi, Oct 11: Centre's gross borrowings stood at Rs 94,030 crore so far even as it aims to mop up Rs 25,000 crore during Oct '03-Feb '04.
With gross borrowings of Rs 94,030 crore so far, government has completed 56.6 per cent of the Rs 1,66,230 crore estimated for this fiscal, official sources said here.
With redemption at Rs 31,716 crore, Centre's net mop up stood at Rs 62,314 crore, representing 58.1 per cent of the Rs 1,07,194 crore budgeted for 2003-04.
Budget secretary D Swarup yesterday said government would borrow Rs 5,000 crore for the next five months, totalling Rs 25,000 crore for the second half of this fiscal.
Bureau Report