Question
Recently the Centre has reduced its borrowing target for
the FY 2022-23 by Rs 10,000 crore to Rs ______ trillion amid robust tax collections?Solution
The Centre has reduced its borrowing target for the financial year 2022-23 (FY23) by Rs 10,000 crore to Rs 14.21 trillion amid robust tax collections. The government will borrow Rs 5.92 trillion, or 41.6 percent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore. Learn Along: Green bonds are fixed-income instruments designed to finance projects that have been specifically earmarked as climate or environment-related. A green sovereign bond is simply a green bond that has been issued by a sovereign government.
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