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No Additional Govt Borrowing Yet, Says Report Amid Rs 1 Trn Revenue Loss

But a government source said no extra borrowings are being planned as yet

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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.

But a government source said no extra borrowings are being planned as yet.

(PTI)


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