Revenue Receipts and Expenditure Pattern Reviewed;
Additional borrowing of only ₹ 20,000 cr of Government Securities would be adequate to meet financing needs

Vide the Press Release dated December 27, 2017, Government had stated that it will raise additional market borrowing of ₹ 50,000 crore through dated Government securities in the current financial year, 2017-18.

Upon a review of trends of revenue receipts and expenditure pattern, it has been assessed that additional borrowing of only ₹ 20,000 crore of Government securities would be adequate to meet financing needs. Government did not accept borrowings of ₹ 15,000 crore in last three auctions. Remaining ₹ 15,000 crore would be reduced from the notified borrowing programme of ensuing weeks.

Additional borrowing reduction limits market borrowing after review of revenue receipts and expenditure patterns in the programme. A fiscal review of revenue receipts and expenditure patterns led the government to assess that reduced additional borrowing through dated Government securities will suffice to meet financing needs; amounts not accepted in recent auctions will be withdrawn from the forthcoming borrowing programme and removed from the notified issuance schedule.