State’s borrowings close to ₹21,000 crore by August-end
The Hindu
This is ₹5,958 cr. higher than borrowings of ₹14,983 cr. till July
The State government’s borrowings are close to ₹21,000 crore in the first five months of the current financial year.
According to the monthly key indicators for August available with the Comptroller and Auditor General of India, borrowings and liabilities of the State up to August reached ₹20,941.84 crore. This is ₹5,958 crore higher than the borrowings of ₹14,983 crore reported till July.
The borrowings are much higher than the figures projected in the tentative calendar released by the RBI for the first two quarters. The State indicated that it would raise open market borrowings of ₹14,000 crore – ₹8,000 crore in the first quarter and another ₹6,000 crore in the second quarter.
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