March 27, 2024, 05:48 PM - 2 min read
In the interim Budget, Finance Minister Nirmala Sitharaman proposed borrowing Rs 14.13 lakh crore by issuing dated securities to cover the revenue shortfall in the upcoming financial year. This figure represents a decrease from the previous year's gross borrowing estimate of Rs 15.43 lakh crore, which stood as the highest ever recorded.
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February 16, 2024, 03:54 PM - 2 min read
According to the report, the state's overall debt, inclusive of off-budget borrowings, stands at Rs. 3,83,267.15 crore. Excluding the GST compensation of Rs. 14,505.31 crore received as a back-to-back loan, the effective total liabilities amount to Rs. 3,68,761.84 crore. The report cautions that continued borrowing could lead to a dangerous accumulation of debt, resulting in increased interest payments for the government.
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