The Government of India will borrow ₹8.2 lakh crore from the market during the first half of the 2026‑27 fiscal year (April–September) to meet its fiscal needs. This accounts for roughly half of the total annual borrowing target of ₹16 lakh crore announced in the Budget.
The funds will be raised through government bonds of varying maturities, issued via 26 weekly auctions conducted with the Reserve Bank of India (RBI). Spreading borrowings across weekly auctions is intended to maintain stability in the debt market and reduce pressure on interest rates.
About 25 percent of the borrowing will come from long-term bonds, with maturities ranging up to 30–50 years. This approach is designed to secure long-term funding at stable rates and manage debt repayment schedules effectively.
In addition to traditional bonds, the government plans to raise ₹15,000 crore through Sovereign Green Bonds. These bonds will finance environmentally sustainable projects and support India’s climate action and green infrastructure initiatives.
The borrowing plan is part of the government’s broader fiscal framework for FY27, aimed at balancing the fiscal deficit while funding essential public services, infrastructure, and other budget priorities. Borrowings are necessary even after accounting for revenues, small savings contributions, and other financing sources.
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