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GST shortfall: Govt issues fresh borrowing calendar with extra Rs 1.1 trn

The additional amount for meeting the GST compensation shortfall shall be raised equally at the rate of Rs 55,000 crore under the 3 year and 5 year tenors

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Last month, the Finance Ministry had said the government will borrow Rs 4.34 trillion in the second half of the current fiscal to meet its expenditure requirement amid the Covid-19 crisis.

Press Trust of India New Delhi

4 min read Last Updated : Oct 15 2020 | 11:48 PM IST

With the Centre deciding to borrow Rs 1.1 trillion on behalf of states to help them meet the GST revenue shortfall, the government on Thursday issued a fresh borrowing plan by including the additional amount in its calendar for the second half.

To operationalise the special window to states for meeting the GST compensation cess shortfall of Rs 1,10,000 crore, the Government of India (GoI) borrowing calendar is being modified in consultation with Reserve Bank of India (RBI), an official statement said. "For the remaining period of the fiscal year 2020-21 (October 19, 2020 to March 31, 2021) GoI will

Topics : Coronavirus GST compensation Centre Shortfall in GST Revenues Finance Ministry RBI

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