Government may borrow Rs 5.8-6 trillion next FY: StanChart
Feb 13 2014 , Mumbai
Finance Minister P. Chidambaram is due to unveil the interim budget on Monday, ahead of general elections.
StanChart adds the government could budget for a higher drawdown of cash balance in fiscal 2015 than in fiscal 2014, given the amount of redemptions.
The bank also estimates the government will end 2013/14 with a cash surplus of about 1 trillion rupees, despite the cancellation of the 150-billion-rupee auction, as national small savings fund collection had exceeded the budgeted amount by 361 billion rupees as of end-December 2013.