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Bond yields drop as FY24 gross borrowing plan lower than estimates
Bond yields drop as FY24 gross borrowing plan lower than estimates
Finance Minister Nirmala Sitharaman said the government aims to gross borrow 15.43 trillion rupees ($188.64 billion) through the sale of bonds in 2023-24, while keeping the net borrowing at 11.80 trillion rupees.The government aims to maintain fiscal deficit at 5.9% of the gross domestic product in the next financial year and retained the target at 6.4% for this year.
Finance Minister Nirmala Sitharaman said the government aims to gross borrow 15.43 trillion rupees ($188.64 billion) through the sale of bonds in 2023-24, while keeping the net borrowing at 11.80 trillion rupees.The government aims to maintain fiscal deficit at 5.9% of the gross domestic product in the next financial year and retained the target at 6.4% for this year.
Finance Minister Nirmala Sitharaman said the government aims to gross borrow 15.43 trillion rupees ($188.64 billion) through the sale of bonds in 2023-24, while keeping the net borrowing at 11.80 trillion rupees.The government aims to maintain fiscal deficit at 5.9% of the gross domestic product in the next financial year and retained the target at 6.4% for this year. 
