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LATEST NEWS UPDATES | Centre not likely to go for any off-Budget borrowing this year -Arup Roychoudhury

Centre not likely to go for any off-Budget borrowing this year -Arup Roychoudhury

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published Published on Dec 24, 2021   modified Modified on Dec 27, 2021

-Business Standard

This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process

Union Finance Minister Nirmala Sitharaman, in this year’s Budget speech, had said that she would discontinue extra-budgetary resources (EBR) funding for the Food Corporation of India, in a continued bid to clean up the central government’s balance sheet and end below-the-line accounting. As a result, the EBR provision for 2021-22 was just Rs 30,000 crore against Rs 1.26 trillion in 2020-21.

But Business Standard has now learnt that even that Rs 30,000-crore provision remains unutilised and as a result off-budget financing this year can be negligible or even zero.

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Business Standard, 24 December, 2021, https://www.business-standard.com/article/economy-policy/centre-not-likely-to-go-for-any-off-budget-borrowing-this-year-121122400051_1.html?fbclid=IwAR36pXKP1H7FUmd-ncWsx5bU1PtuHzu54Y3mMaRMP0LePS4tMasXHfv1_yM


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