New Delhi, Jan. 29 -- The Economic Survey of India tabled in Parliament on Thursday highlighted a steady improvement in the Centre's fiscal position, noting that fresh government borrowings are now increasingly being used to service past interest obligations rather than to finance current spending.

According to the document, the decline in the primary deficit-to-GDP ratio indicates an important structural shift in fiscal management. It stated that fresh borrowings by the central government are now increasingly being used to service past interest obligations rather than to fund current expenditure, signalling improved fiscal discipline.

It stated "fresh borrowings are now increasingly being used to service past interest obligations rathe...