The government said on Wednesday that it will borrow an additional Rs 50,000 crore from the market in the current fiscal year, triggering fears that the move may lead to awidening of the deficit target. While the Centre has reiterated its commitment to fiscal consolidation, several factors in the past few months have stoked concerns about its ability to meet the target of 3.2% of gross domestic product set for the current fiscal year.
The government said on Wednesday that it will borrow an additional Rs 50,000 crore from the market in the current fiscal year, triggering fears that the move may lead to awidening of the deficit target. While the Centre has reiterated its commitment to fiscal consolidation, several factors in the past few months have stoked concerns about its ability to meet the target of 3.2% of gross domestic product set for the current fiscal year.
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