'Modinomics' Flopped, Fiscal Deficit Rises To 134%, Says Congress

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.

Randeep Surjewala, who is the Congress chief spokesperson, 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.

Modi Govt to borrow ₹7.1 Lakh Cr this fiscal.

₹4.42 Lakh Cr just for first half of FY19-20,
Fiscal Deficit rises to a whopping 134%!

Election Year= Modinomics Flop,
Modiji Tiptop!

Let ‘Bogus Blog Min’ introspect! pic.twitter.com/ZYs8VVzBZw

— Randeep Singh Surjewala (@rssurjewala) March 30, 2019

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 Jailtey.

PTI