WMA borrowing increases to Rr 87735 cr..

In Yesterday’s WSS, The central government’s borrowing under WMA increased from Rs 60605 cr (10 Dec 2020) to Rs 87735 cr (17 Dec 2020).

This makes it three weeks in a row in the month of January where Central Government has resorted to using WMA window. The WMA limit for the period Oct 2019 to Mar 2020 was set at Rs 35,000 cr. On 3 Jan 2020, WMA borrowing was Rs 130171 cr and then declined to 60605 cr before rising again to Rs 877735 cr.

All this confirms further that there is high distress in government finances…

 

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