interest payments
More News
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Govt borrows Rs6tr from banks
Short-term borrowing made to repay financing acquired in past
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Interest payments to swallow Rs2.9tr
No allocation made for foreign loan repayment in hope of rescheduling by lenders
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Interest payments swallow 57% of tax revenues
Rupee depreciation, new debt lead to nearly 50% increase in interest payments
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Defence, interest payments consume over three-fourths of tax revenue
Spending pattern suggests country likely to surpass full-year’s budgeted numbers
