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HomeUncategorizedGovernment borrowed $4.367 billion from Commercial Banks in 2016-17

Government borrowed $4.367 billion from Commercial Banks in 2016-17

Government during last fiscal year set the target to borrow $2.005 billion from Commercial Banks. However, the borrowing from commercial banks accounts around 43 percent during last fiscal year.

Net borrowing during 2016-17 amounted to 10.550 billion dollars. Government in June, 2017 alone borrowed $1.5 billion from commercial banks way beyond its set target.

Government borrowed $1.6 billion each from China and Asian Development Bank.

Posted on: 2017-07-27T10:36:00+05:00
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