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Net Borrowing limits for states 2023
December 24 , 2023
330 days
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- States may be able to tap about ₹2.04 lakh crore as additional borrowings over and above their net borrowing limits for the year.
- The Centre had allowed 22 States to raise additional borrowings of almost ₹61,000 crore this year.
- This is on top of their net borrowing ceilings of 3% of Gross State Domestic Product (GSDP).
- The extra borrowing ceiling was granted to States who met their pension liabilities by making required contributions to the National Pension System.
- Moreover, States are eligible to raise a little more than ₹1.43 lakh crore this year, based on the recommendations of the Ministry of Power.
- While the normal net borrowing ceiling for States is fixed at ₹8,59,988 crore for this year, in line with the recommendations of the 15th FC.
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