........However, the report points out that some states, such as Punjab, are using these advances a bit too often as there is a perpetual mismatch between revenue receipts and revenue expenditure. The report shows that Punjab borrowed money for as many as 232 days during the last financial year and it also availed of a special WMA for 233 days during 2012-13. While normal ways and means advances are clean advances given to state governments, the special ways and means are secured advances against Union government securities that are time-bound..............
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