Question : GOVERNMENT BORROWINGS



(a) the average borrowing of the Union Government during the 1st quarter of this financial year and also during the last financial year, month-wise;

(b) whether such borrowings are affecting money circulation and inflation also; and

(c) if so, the details thereof ?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)

(a) The borrowings of the Union Government during Ist quarter of the current financial year vis-a-vis last year are as under:-

Borrowings during 1st Quarter (Rs. crore)
1999-2000 2000-2001
Months Market 364 day Market 364 day Loans T. Bills Loans T. Bills April 18,000 1,000 11,000 1,000 May 9,000 1,000 18,683 1,000 June 10,000 1,000 4,000 1,500
TOTAL 37,000 3,000 33,683 3,500


(b) and (c) : There is no precisely quantifiable nexus between Government borrowing, inflation and money circulation.