New Delhi, September 29: The government today said it does not intend to increase borrowing target for the current fiscal 2009-10, which has been pegged at Rs 4.51 lakh crore.
“There is no intention to increase that number,” Finance Secretary Ashok Chawla told reporters ahead of the meeting to decide the borrowing schedule for the second-half of the fiscal.
Chawla further said increasing borrowing limits is not necessary and that is not on the table.
The government has stepped up the market borrowing programme from Rs 3.10 lakh crore in the previous fiscal to Rs 4.51 lakh crore in the current fiscal to combat the impact of the global slowdown on the country’s economy.
–PTI