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Govt H1FY16 borrowings likely to be Rs 3.65 lakh cr

In an interaction with the media, Finance Secretary Rajiv Mehrishi said the government plans to do bond switching of up to Rs 50,000 crore and even issue long-term bonds with maturity period of up to 40 years.

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The government has released the first half (H1FY16) borrowing numbers at around Rs 3.65 lakh crore. In an interaction with the media, Finance Secretary Rajiv Mehrishi said the government plans to do bond switching of up to Rs 50,000 crore and even issue long-term bonds with maturity period of up to 40 years.

The net borrowings via bonds for H1FY16 stand at Rs 2.25 lakh crore, while government T-Bills for the first half is at Rs 45,000 crore, the Finance Secretary said.

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