Govt effectively cuts FY22 borrowing plan2 min read 28 Sep 2021, 12:26 AM IST
Centre to absorb ₹1.59 trillion of additional borrowing for GST compensation
Centre says it will borrow ₹5.03 trillion in October-March
Buoyed by robust tax collections, the government on Monday effectively cut its gross borrowing target for the fiscal year by announcing that it will absorb ₹1.59 trillion of additional borrowing for tax compensation to states within its annual target.
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