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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

borrowing, fiscal deficit, market, stimulus

Illustration: Binay Sinha

1 min read Last Updated : Oct 15 2020 | 7:35 PM IST

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

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

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