Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.804)


Government Hikes 2020-21 Market Borrowing Limit to how much Rs. from earlier Rs. 4.2 lakh crore Amid COVID-19?

[A]. Rs 23 lakh crore
[B]. Rs 16 lakh crore
[C]. Rs 14 lakh crore
[D]. Rs 12 lakh crore

Answer: Option D


Government Hikes 2020-21 Market Borrowing Limit To Rs 12 Lakh Crore Amid COVID-19. The government on 8 may increased its market borrowing estimate by staggering Rs 4.2 lakh crore to Rs 12 lakh crore for the current financial year to deal with the expected shortfall in revenue due to the impact of COVID-19 crisis on the economy. The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.

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