In an effort to limit fiscal slippage in 2017-18, the finance ministry on Wednesday announced that it will now borrow only Rs20,000 crore more by issuing long-term bonds before 31 March against Rs50,000 crore announced earlier. “Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern. Requirement of additional borrowing being reduced from Rs 50000 crore as notified earlier to Rs 20000 crore,” economic affairs secretary Subhash Chandra Garg tweeted on Wednesday.
In an effort to limit fiscal slippage in 2017-18, the finance ministry on Wednesday announced that it will now borrow only Rs20,000 crore more by issuing long-term bonds before 31 March against Rs50,000 crore announced earlier. “Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern. Requirement of additional borrowing being reduced from Rs 50000 crore as notified earlier to Rs 20000 crore,” economic affairs secretary Subhash Chandra Garg tweeted on Wednesday.
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