Government looks to end below-the-line accounting of Budget numbers
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© Megha Mishra
Budget 2021: Government looks to end below-the-line accounting of Budget numbers
Extra-budgetary resources (EBRs) were an integral, if frowned upon, part of budgets. In simpler terms, this refers to allocations made from money outside of revenue or borrowings, through means such as the National Small Savings Fund, and fully serviced bonds like the bank recapitalisation bonds.
While bank recap still stays, the government is expecting to end almost all entries financed through EBRs, shows the Union Budget 2021-22, presented by Finance Minister Nirmala Sitharaman in Parliament on February 1.
The biggest of them being the loans given