Search
India likely to fund $28b of its expenditure via off-budget borrowings
January 24, 2020
As India is looking to survive the downfall of the economy, the government is expected to fund $28 billion of its expenditure outlay in its fiscal 20/21 via off-budget borrowings.
Off-budget borrowings are a means by which the government keeps its fiscal deficit in check by making quasi-government entities borrow on its behalf, to partly fund its expenditure plan for the year.
One of the sources stated that India is in a really deep economic crisis and the other way to raise money is by spending on infrastructure and welfare schemes.
Important Links:
- MBA from UK University: https://ask.careers/courses/mba-from-uk-university/
- MBA for Executives: https://ask.careers/courses/mba-for-executives/
- Professional Diploma in Banking and Financial Services: https://ask.careers/courses/professional-diploma-in-banking-management/
- BBA from UK University: https://ask.careers/courses/bba-from-uk-university/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
