Government’s Borrowing Plan for the second half of FY 2026-27

The Government of India, in consultation with the Reserve Bank of India (RBI), has announced its borrowing plan for the second half (H2) of FY 2026-27, totaling ₹7,86,000 crore, which includes Sovereign Green Bonds worth ₹15,000 crore. The total market borrowing through dated securities for the full fiscal year 2026-27 is expected to be ₹15,99,506 crore. The H2 gross market borrowing will be conducted via 23 weekly auctions across various tenors ranging from 3 to 50 years. Additionally, the government plans to borrow ₹23,000 crore per week during the third quarter through Treasury Bills, and the RBI has set the Ways and Means Advances (WMA) limit at ₹50,000 crore for H2 of FY 2026-27.