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Off budget financing also known as 'extra' budget borrowing is used by the Centre to finance its expenditures while keeping the debt off from its annual statement. Such borrowings are not counted ...
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Debt crisis deepens, off-Budget loans hit state hardWhen factoring in off-budget borrowings, the overall interest burden surged from 15.1% in 2014–15 to 28.2% in 2023–24, signalling persistent pressure on state finances, it said.
The Central government has said that the off-budget borrowings by the Andhra Pradesh government will be considered as State government loans. Andhra Pradesh government’s off-budget borrowings ...
After the Centre’s clampdown on states for resorting to fiscal indiscipline, states’ off-budget borrowings will likely fall 72% on year to Rs 18,498 crore in the current financial year.
THIRUVANANTHAPURAM: The Central government has adjusted Rs 14,000 crore worth off-budget borrowings in the net borrowing ceiling (NBC) of the state government. The cut will be in a phased manner.
He said that the State had resorted to off-Budget borrowings to complete irrigation projects in the shortest time but the Centre had imposed borrowing limits. This cut in borrowing limit ...
A significant portion of these borrowings funded loans and advances to public sector entities for servicing off-budget borrowings, raising concerns about debt sustainability. The state's ...
In the year 2023-24, as per the scrutiny of vouchers, the State government budgeted and expended an amount of Rs 10,037.31 crore towards assistance/grants on account of off-budget borrowings.
Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings. Illustration: Dominic Xavier/Rediff.com In ...
The mounting contingent liabilities and off-budget borrowings, along with the high level of indebtedness, make this crisis unique, requiring an understanding of the dynamics of debt accumulation in ...
A massive $34bn in spending measures are booked for the forward estimates and $108bn in off-budget expenditures ... of lower interest rates on government borrowings. Treasury expects the weighted ...
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