Latest News | No Additional Govt Borrowing Yet
Get latest articles and stories on Latest News at LatestLY. The government is not planning any additional borrowing and will stick to the borrowing target fixed for the current fiscal year, a government source said on Wednesday.
New Delhi, May 25 (PTI) The government is not planning any additional borrowing and will stick to the borrowing target fixed for the current fiscal year, a government source said on Wednesday.
The government lost Rs 1 lakh crore in revenue after it cut excise duty cut on petrol and diesel to temper inflation. This revenue dent was seen to be filled by additional borrowings.
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But a government source said no extra borrowings is being planned as yet.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)