To finance the fiscal deficit, Union Budget 2017 had pegged gross government borrowing at Rs5.8 trillion and net government borrowing at Rs4.25 trillion. The Union budget for 2017-18 had pegged the government’s gross borrowing in 2017-18 at Rs5.8 trillion. Accounting for redemptions of Rs1.5 trillion, the net borrowing number for the year will touch Rs4.3 trillion. “At the moment, the maturity profile of all G-Secs (government securities) is about 10.5 years. Traditionally, the bulk of government borrowings have happened through 10-year maturity bonds, which are considered the benchmark.

Source: Mint March 28, 2017 14:52 UTC