Centre will borrow a total of ₹4.88 trillion between october 19th to march 31st 2021, said an official statement

Centre will borrow a total of ₹4.88 trillion

Centre will borrow a total of ₹4.88 trillion

> The borrowings will be shown as debt in the book of states and the Centre’s fiscal deficit will be unaffected, it said in a statement.

> Centre will borrow a total of ₹ 4.88 trillion for the period starting 19 October to 31 March, said an official statement.

> The additional amount would be to meet the Goods and Services Tax (GST) Compensation shortfall, said an official statement.

> The funds would be raised via 3year and 5year tenor bonds, official statement.

> Centre govt will raise 310 billion rupees via bonds in the week starting october 19th, official statement.

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