Why Is The Central Government Set To Borrow A Staggering ₹6.61 Lakh Crore In The Second Half Of This Financial Year | Paisa Live

The central government is planning to borrow a large sum of money from the market, during the second quarter of the financial year 2024-25, the government is set to raise ₹6.61 lakh crore to cover the gap between its income and expenditure. This borrowing will be done through 21 weekly auctions. The Ministry of Finance has shared that the central government, in collaboration with the Reserve Bank of India, has finalized this plan for the second quarter of the fiscal year. This borrowing is expected to help the government manage its financial obligations and support ongoing development projects. For full details on the government's borrowing plan and how it may impact the economy, watch the entire video.