Government to borrow Rs 8.45 lakh crore in first half of 2022-23

The Union government is looking to borrow Rs 8.45 lakh crore
in the first half of 2022-23 to fund the revenue gap for reviving the economy, the Finance Ministry said on Thursday. Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh crore is planned to be borrowed in the first half (H1), an official statement said.
the gross market borrowing through dated securities for 2022-23 is Rs 14,95,000 crore. Taking into account the switch operations conducted on January 28, 2022, the gross market borrowing through dated securities for 2022-23 is expected at Rs 14,31,352 crore, it said.
It further said, the borrowing will be spread under 2, 5, 7, 10, 14, 30 and 40 year securities and Floating Rate Bonds of various tenors.
Weekly borrowing under Treasury Bills in Q1FY23 is expected to be Rs 33,000-34,000 crore with net borrowing of Rs 2.40 lakh crore during the quarter — Rs 13,000 crore under 91 DTBs, Rs 12,000-13,000 crore under 182 DTBs and ₹8,000 crore under 364 DTBs in each auction to be held during the quarter, the release said.