Centre Plans Rs 8 Lakh Crore Borrowing via Dated Securities in H1 FY27
Government Targets Fiscal Gap Funding Through Market Borrowings
New Delhi, March 27: The Centre is set to raise Rs 8 lakh crore through dated securities during the April to September period of the financial year 2026-27, as part of its strategy to bridge the revenue gap, the finance ministry said on Friday.Revised Borrowing Estimates After G-Sec Switches
The government has pegged its gross market borrowings for FY27 at Rs 17.20 lakh crore in the Budget Estimates. However, following switches of government securities conducted after the Budget presentation, the gross borrowing requirement has been revised downward to Rs 16.09 lakh crore.Over Half of Borrowing Scheduled for First Half
Out of the revised Rs 16.09 lakh crore borrowing plan, Rs 8.20 lakh crore, or 51 percent, is scheduled to be raised in the first half of the fiscal year through dated securities. This includes Rs 15,000 crore to be mobilized via Sovereign Green Bonds.Fiscal Deficit and Funding Plan for FY27
In the Union Budget for 2026-27, Finance Minister Nirmala Sitharaman projected the fiscal deficit at 4.3 percent of GDP, amounting to Rs 16.9 lakh crore in absolute terms.To finance this deficit, net market borrowings through dated securities are estimated at Rs 11.7 lakh crore. The remaining funding requirement is expected to be met through small savings and other sources, as outlined in the Budget.
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