Net borrowing on lower side at Rs 11.73L-cr

Mumbai: The government’s borrowing programme is on the lower side, which would enable it to raise the required resources at reasonable prices. “It may not be right to look at the gross borrowing number alone. There are much more redemptions in FY27 so gross borrowing is expected to be higher. Net borrowings, however, are only at Rs 11.73 lakh crore which is only about Rs 20,000 crore more than last year. Given the size of the Budget, one would have expected a much bigger increase,” Malhotra observed.