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The Hindu
The Hindu
National
The Hindu Bureau

Borrowing limit: State writes to Centre again

The State government has reportedly written to the Centre again asking it to review the decision to whittle down the State’s borrowing limit.

The Centre had recently pegged the open market borrowing limit (OMB) at ₹20,521.33 crore. The State government objected to the decision pointing out that it is eligible for more. The State contended that it was eligible to borrow ₹32,442 crore (3% of GSDP).

The OMB limit had become a topic of discussion in May after the Centre pegged the limit for the first nine months at ₹15,390 crore. In response, the State had asked the Centre to issue the calculation sheet detailing the break-up for the fiscal.

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