<h1>Government Announces Market Borrowing for 2012-14: Rs. 4.79L Cr (2012-13) & Rs. 4.84L Cr (2013-14); Rs. 5.79L Cr Gross.</h1> The government announced its budgeted gross and net market borrowing requirements for 2012-13 and 2013-14 to finance the fiscal deficit. The net market borrowing for 2012-13 is Rs. 4,79,000 crore, and for 2013-14, it is Rs. 4,84,000 crore. Gross market borrowing for 2013-14 is set at Rs. 5,79,009 crore, excluding Rs. 50,000 crore for buyback/switching of securities. This strategy aims to manage debt actively and ease redemption pressure for future fiscal years. The transactions are designed to be fiscal deficit and cash neutral, with a Rs. 2,000 crore provision for interest payments in the 2013-14 budget.