One of the ways to do this is by resorting to “off-budget borrowings”. What are off-budget borrowings? These items constitute the “off-budget borrowings” because these loans and deferred payments are not part of the fiscal deficit calculation. Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution which borrows on the directions of the central government. Also in Explained | Why asset sale targets are importantHow are off-budget borrowings raised?

Source: Indian Express January 26, 2021 20:55 UTC