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    <title>11 States meet the target for capital expenditure in Q-1 of 2021-22</title>
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    <description>Eleven States met Q1 capital expenditure targets and were permitted additional open market borrowing equivalent to 0.25 percent of GSDP as an incentive. Incremental capital expenditure of 0.50 percent of GSDP was earmarked within the 4 percent net borrowing ceiling for 2021-22; eligibility requires staged achievement of quarterly expenditure thresholds and will be reviewed quarterly, with any year end shortfall adjusted against the following year&#039;s borrowing ceiling.</description>
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