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Government lowered the additional borrowing requirement for the current fiscal year to Rs _____ crore from the previously estimated Rs 50,000 crore?
  • a)
    10,000 crore
  • b)
    20,000 crore
  • c)
    30,000 crore
  • d)
    40,000 crore
  • e)
    42,000 crore
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Government lowered the additional borrowing requirement for the curren...
The government lowered the additional borrowing requirement for the current fiscal year to Rs 20,000 crore from the previously estimated Rs 50,000 crore. The government has lowered additional borrowing requirements considering revenue receipts and expenditure pattern. The lesser borrowing will enable to constrict fiscal deficit within the target. No change will be seen in net borrowings as mentioned in the Budget for 2017-18. As per budget, gross and net market borrowings were set at Rs 5.8 lakh crore and Rs 4.23 lakh crore, respectively in 2017-18.
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Government lowered the additional borrowing requirement for the current fiscal year to Rs _____ crore from the previously estimated Rs 50,000 crore?a)10,000 croreb)20,000 crorec)30,000 crored)40,000 croree)42,000 croreCorrect answer is option 'B'. Can you explain this answer?
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