Archive · 29 Sep 2025
India's Government Announces Borrowing Plans for H2 FY26
The Indian government is planning to borrow a lot of money in the second half of the financial year.
They will be borrowing ₹6.77 lakh crore through auctions to fund various projects.
Part of this borrowing includes ₹10,000 crore through Green Bonds.
Auctions will occur weekly.
These bonds will be sold with different maturity dates.
The government will also sell short-term treasury bills.
The government is expected to stick to its budget target of keeping the deficit at 4.4% of the country's total economic output.
They also have a safety net in case they need to borrow a little more.
The Indian government aims to borrow ₹6.77 lakh crore in H2 FY26.
The borrowing is part of a larger fiscal year target of approximately ₹14.82 lakh crore.
₹10,000 crore will be raised via Sovereign Green Bonds in the 30-year segment.
Borrowing will occur via 22 weekly auctions scheduled through March 6, 2026.
The government will use treasury bills for short-term borrowing.
- Who
- Indian Government
- What
- Announced borrowing plans
- When
- September 29, 2025
- Where
- India
- Why
- To fund government operations and meet fiscal targets.
- Total Borrowing Target (H2 FY26)
- ₹6.77 lakh crore
- Fiscal Year Gross Borrowings
- ~₹14.82 lakh crore
- Sovereign Green Bond Issuance
- ₹10,000 crore (30Y segment)
- Auction Frequency
- Weekly, 22 auctions through March 6, 2026
- Ways & Means Advances (WMA) Limit (H2 FY26)
- ₹50,000 crore
- FY26 Fiscal Deficit Target
- 4.4% of GDP
