Off-budget borrowings Subject – Economy Context – CAG flags Kerala’s off-budget borrowings to pay for welfare scheme Concept – Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution which borrows on the directions of the central government. Such borrowings are used to fulfil the government’s […]

    OFF BUDGET BORROWINGS Subject : Economics Context : According to the last Budget documents, in the current financial year the Centre was set to borrow Rs 5.36 lakh crore as off – budget borrowings. Concept : Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution […]