Government’s Borrowing plan for the second half of FY 2024-25

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..... Government’s Borrowing plan for the second half of FY 2024-25 - News and Press Release Dated:- 26-9-2024 - News - Government’s Borrowing plan for the second half of FY 2024-25 - - - Dated:- 26-9-2024 - The Government of India, in consultation with the Reserve Bank of India, has finalized its borrowing programme for the second half (H2) of FY 2024-25. Out of Gross Market borrowing of ₹14.01 .....

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..... lakh crore budgeted for FY 2024-25, ₹6.61 lakh crore (47.2%) is planned to be borrowed in H2 through issuance of dated securities, including ₹20,000 crore of Sovereign Green Bonds (SGrBs). The gross market borrowing of ₹6.61 lakh crore shall be completed through 21 weekly auctions. The market borrowing will be spread over 3, 5, 7, 10, 15, 30, 40 and 50 year securities. The share .....

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..... of borrowing (including SGrBs) under different maturities will be: 3-year (5.3%), 5-year (10.6%), 7-year (7.6%), 10-year (24.8%), 15-year (13.2%), 30-year (12.1%), 40-year (15.9%) and 50-year (10.6%). The Government will carry out switching/buyback of securities to smoothen the redemption profile. The Government will continue to reserve the right to exercise greenshoe option to retain an additiona .....

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..... l subscription of up to ₹2,000 crore against each of the securities indicated in the auction notifications. Weekly borrowing through issuance of Treasury Bills in the third quarter (Q3) of FY 2024-25 is expected to be ₹19,000 crore for 13 weeks with issuance of ₹7,000 crore under 91 DTBs, ₹6,000 crore under 182 DTBs and ₹6,000 crore under 364 DTBs, respectively. To ta .....

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..... ke care of temporary mismatches in Government accounts, the Reserve Bank of India has fixed the Ways and Means Advances (WMA) limit for H2 of FY 2024-25 at ₹50,000 crore. More details may be seen in the detailed Press Release available on the Websites of Finance Ministry and the Reserve Bank of India. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement .....

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..... - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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