Government borrowings

A quarterly (April-June) report of Finance Ministry showed the Centre's total debt has increased to Rs 101.35 lakh crore, a 7.1% increase from the previous quarter. Besides, to overcome the revenue deficit, the government issued securities worth Rs 3,46,000 crore in the June-end quarter as against Rs 2,21,000 crore in the same period last year. The ministry said the borrowings have surged due to extra burden of COVID-19 on finances.