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    <title>Government’s Gross Market Borrowings for 2012-13 &amp; 2013-14 to be Fiscal Deficit as Well as Cash Neutral</title>
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    <description>Repayment provisions in the 2013-14 budget include a specified allocation for buyback/switching operations as part of active debt management to ease redemption pressure in later fiscal years. The buyback/switching allocation is recorded within repayments but the transaction is treated as fiscal deficit as well as cash neutral for the year; only premium or discount impacts the current-year fiscal outturn and a provision in interest payments covers those costs.</description>
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