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Centre to borrow to make up for states' GST shortfall: Finance Ministry

Finance Ministry on Thursday said the central government will borrow Rs 1.1 trillion to make up for the shortfall in GST of states

Finance Ministry | GST | State borrowing

Press Trust of India  |  New Delhi 

borrowing, fiscal deficit, market, stimulus
Illustration: Binay Sinha

on Thursday said the central government will borrow Rs 1.1 lakh crore to make up for the shortfall in of states.

"The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of compensation cess releases," the ministry said in a statement.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, October 15 2020. 19:33 IST