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Topic: off-budget borrowings
The fiscal deficit for 2019-20 and 2020-21 would have been higher at 4.6% and 4.4% respectively if the govt had not shifted its liabilities out of the budget.
The real fiscal deficit number will change if the off-budget borrowings made by govt and flagged by CAG are taken into account.
A fine print reading of 2019 budget shows off-budget borrowings are on the rise. ThePrint takes a look at what that means.