Pre-Budget Talks: States seek higher borrow limits in FY26 Budget to support fiscal activities
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Pre-Budget Talks

States seek higher borrow limits in FY26 Budget to support fiscal activities

At a pre-Budget meeting of state finance ministers with Finance Minister Nirmala Sitharaman and senior finance ministry officials, states once again urged the government to hike the borrowing ceiling for them so that more resources can be used for development-related activities. State finance ministers requested hiking the borrowing limit to 3.5% of GSDP from the current 3%, which will help them support fiscal activities, said top officials who attended the meeting.

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