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New Delhi: Finance Minister Nirmala Sitharaman on Thursday proposed to borrow Rs14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year starting on April 1.
This is lower than last year’s gross borrowing estimate of Rs15.43 lakh crore, which was the highest ever. The lower borrowing estimate for 2024-25 is on account of growing tax revenue and the government’s resolve to meet its fiscal consolidation roadmap.
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