<p>The government will borrow Rs 5.03 lakh crore in the second half of the current fiscal to fund the revenue gap for reviving the pandemic-hit economy, the finance ministry said on Monday.</p>.<p>During the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the ministry said in a statement.</p>.<p>"Out of gross market borrowing of Rs 12.05 lakh crore projected for FY 2021-22 in the Union Budget, Rs 7.24 lakh crore (60 per cent) was planned to be borrowed in first half (H1).</p>.<p>"The effective borrowing in H1 of FY 2021-22 was Rs 7.02 lakh crore. The Government now plans to borrow the balance Rs 5.03 lakh crore in second half year (H2) of FY 2021-22," it said.</p>.<p>The H2 projection also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year, it added.</p>.<p>According to the Budget for 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore, while net borrowing was pegged at Rs 9.37 lakh crore in the financial year beginning April 1.</p>.<p>Gross borrowing includes repayments of past loans. Repayment for past loans in the next financial year has been pegged at Rs 2.80 lakh crore.</p>.<p>The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills.</p>.<p>The Budget has pegged fiscal deficit at 6.8 per cent for the next fiscal, down from 9.5 per cent of the GDP in the current financial year. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>The government will borrow Rs 5.03 lakh crore in the second half of the current fiscal to fund the revenue gap for reviving the pandemic-hit economy, the finance ministry said on Monday.</p>.<p>During the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the ministry said in a statement.</p>.<p>"Out of gross market borrowing of Rs 12.05 lakh crore projected for FY 2021-22 in the Union Budget, Rs 7.24 lakh crore (60 per cent) was planned to be borrowed in first half (H1).</p>.<p>"The effective borrowing in H1 of FY 2021-22 was Rs 7.02 lakh crore. The Government now plans to borrow the balance Rs 5.03 lakh crore in second half year (H2) of FY 2021-22," it said.</p>.<p>The H2 projection also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year, it added.</p>.<p>According to the Budget for 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore, while net borrowing was pegged at Rs 9.37 lakh crore in the financial year beginning April 1.</p>.<p>Gross borrowing includes repayments of past loans. Repayment for past loans in the next financial year has been pegged at Rs 2.80 lakh crore.</p>.<p>The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills.</p>.<p>The Budget has pegged fiscal deficit at 6.8 per cent for the next fiscal, down from 9.5 per cent of the GDP in the current financial year. </p>.<p><strong>Check out DH's latest videos:</strong></p>