'Modinomics' flopped: Congress on 134 per cent fiscal deficit

30 March,2019 03:13 PM IST |   |  PTI

He also cited a media report that claimed that the Centre plans to borrow Rs 4.41 lakh crore in the first half of the financial year 2019-2020 amid rising demands for repayments

Randeep Singh Surjewala


New Delhi: The Congress on Saturday said the Modi government was set to borrow Rs 7.1 lakh crore and cited that the fiscal deficit had risen to 134 per cent in the first 11 months of the current financial year.

Congress chief spokesperson Randeep Surjewala said the "Modinomics" had flopped in the election year and asked Union Finance Minister Arun Jaitley to introspect.

"Modi Government to borrow Rs 7.1 Lakh Crore this fiscal," Surjewala tweeted.

He also cited a media report that claimed that the Centre plans to borrow Rs 4.41 lakh crore in the first half of the financial year 2019-2020 amid rising demands for repayments.

"Fiscal Deficit rises to a whopping 134%! Election Year= Modinomics Flop, Modiji Tiptop! Let 'Bogus Blog Min' introspect," he said, in an apparent reference to Jaitley.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get the latest updates

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
congress bharatiya janata party national news
Related Stories