The Government has changed the provisions of Real Estate and Mortgage Registers, which will allow individuals to purchase real estate from
borrowed funds through
borrowed funds.
The Minority, at a press conference, had sought to create the impression that the NPP government had
borrowed funds in excess of S80 billion since the party assumed office in January 2017.
While some argue the
borrowed funds are channelled towards development spending on projects expected to eventually pay off by sparking faster economic growth, there has not been an increase in public debt to GDP resulting in increased GDP growth.
'We want a situation in which
borrowed funds are quickly used to execute projects that have the capacity to generate income.
The main investment resources in transport and warehousing were the businesses' own funds (34 percent of the total investment portfolio of the industry),
borrowed funds (28.8 percent) and the national budget (18.6 percent).
Mallya, who is wanted in India in a bank fraud case, also claimed that he provided all the detailed statements on the utilisation of all
borrowed funds to the CBI.
"Development spending is decreasing significantly yet borrowing has increased substantially, raising concerns that
borrowed funds could be used to fund recurrent expenditure," PBO has said in a report to MPs.
Interest expense on
borrowed funds increased $366,000 for the fourth quarter of 2017 due to an increase in the average cost of
borrowed funds to 1.33% in the fourth quarter of 2017 from 54 basis points in the fourth quarter of 2016, as well as an increase of $23.1 million in the average balance of
borrowed funds for the fourth quarter of 2017.
The company said the
borrowed funds will provide added financial flexibility and facilitate execution of its corporate strategy.
In case of repo, banks keep G-secs equal to their
borrowed funds with the RBI.
The
borrowed funds have been returned by the companies.
The service said that at the same time the
borrowed funds fell by 51 billion KZT (6.3 percent).
