Lok Sabha Question No. 2409 (UNSTARRED), answered on 2018-03-09
Subject: Fiscal Deficit
Ministry: FINANCE
Asked by: M. UDHAYAKUMAR

## Government of India Ministry of Finance Department of Economic Affairs

LOK   SABHA UNSTARRED   QUESTION NO.2409 TO BE ANSWERED ON FRIDAY, 9 TH  MARCH 2018 PHALGUNA 18, 1939 (SAKA)

## 'FISCAL DEFICIT'

## Question

2409. ADV. SHRI  M. UDHAYAKUMAR:

Will the Minister of FINANCE   ( वित्त मंत्री ) be pleased to state:

- (a) Whether the Government plans to borrow ` 2.08 lakh crore from the market in the second half of 2017-18 and if so, the details thereof;
- (b) Whether the Government has borrowed ` 3.72 lakh crore in the first half of 2017-18, if so, the details thereof;
- (c) whether the Government is committed to meet the fiscal deficit target of 3.2 per cent of GDP; and
- (d) If so, the details thereof?

## ANSWER

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## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI P. RADHAKRISHNAN)

(a & b):  During the financial year 2017-18, an amount of ` 5.88 lakh crore has been raised through  GoI  dated  securities.  The  break-up  in  first  half  (April-September,  2017)  and second  half  (October,  2017-  March,  2018)  was ` 3.57  lakh  crore  and ` 2.31  lakh  crore, respectively, as indicated in the Table given below:

| Issuances of GoI dated securities during 2017-18   | Issuances of GoI dated securities during 2017-18   |
|----------------------------------------------------|----------------------------------------------------|
| Govt Securities Nomenclature                       | Amount ( ` crore)                                  |
| 6.51% GoI FRB,2024                                 | 60000.00                                           |
| 6.79% GS,2029                                      | 72000.00                                           |
| 6.57% GS,2033                                      | 37000.00                                           |
| 6.62% GS,2051                                      | 36000.00                                           |
| 6.84% GS,2022                                      | 61000.00                                           |
| 6.97% GS,2026                                      | 15000.00                                           |
| 7.73% GS,2034                                      | 36000.00                                           |
| 7.06% GS,2046                                      | 33000.00                                           |
| 7.72% GS,2055                                      | 17000.00                                           |
| 6.79% GS,2027                                      | 121000.00                                          |
| 6.68% GS,2031                                      | 66000.00                                           |
| 7.40% GS,2035                                      | 1000.00                                            |
| 7.17% GS,2028                                      | 33000.00                                           |
| Total                                              | 588000.00                                          |

The  government  borrowing  is  as  per  the  indicative  market  borrowing  calendars issued during 2017-18.

(c  &  d):    In  the  Revised  Estimates  (RE)  2017-18,  fiscal  deficit  has  been  estimated  at 3.5 per cent of Gross Domestic Product (GDP) as against 3.2 percent of GDP estimated in Budget Estimates (BE 2017-18).

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