Government’s earnings decreased due to lockdown, loan of Rs 2.1 lakh crore so far in FY22

The government's earnings have come down due to the lockdown.

The government’s earnings have come down due to the lockdown.

Amidst the revenue crunch, the central government has so far taken a loan of Rs 2.1 lakh crore in the current financial year (FY22).

New Delhi. The country is currently battling with the second wave of Coronavirus. In the midst of a huge revenue crunch due to the lockdown implemented for almost two months in many states, the central government has so far taken a loan of Rs 2.1 lakh crore in the current financial year (FY22), which is 55 percent more than a year ago. .

Rating agency Care Ratings Chief Economist Madan Sabnavis said on Friday that in this time of challenge, the RBI has managed the yield on bonds well, thereby reducing the cost of borrowing for the government.

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He said that this loan of Rs 2.1 lakh crore is 17.5 per cent of the budget estimate of Rs 12.05 lakh crore loan to be taken by the government for the whole year and 30 per cent of the Rs 7.24 lakh crore loan to be raised in the first half.read this also- PM Jan-Dhan Account: If you have also opened Jan Dhan account then you will get Rs 1.3 lakh, know how

Debt grew by 55 percent in the current financial year

He said that the loan taken by the Center in this financial year so far is 55 percent more than the same period last year. For this, the decrease in revenue due to the lockdown in most of the states is responsible.

1.73 lakh cases of corona in the country in the last 24 hours

Significantly, 1,73,790 cases of Kovid-19 were reported in the country in a day, which is the lowest in the last 45 days. According to the data of the Union Health Ministry till 8 am on Saturday, the total number of people who have come under the grip of infection has gone up to 2,77,29,247. After the death of 3,617 people in the last 24 hours, the death toll has reached 3,22,512.




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