Centre to borrow ₹8 lakh crore in first half of FY 2025-26, 54% of the year's plan
The Finance Ministry said on 27 March 2025 that the Centre will borrow ₹8 lakh crore through dated securities in April–September 2025, 54% of the ₹14.82 lakh crore gross borrowing budgeted for 2025-26.
Summary
The Government of India, in consultation with the RBI, finalised its borrowing plan for the first half of FY 2025-26 on 27 March 2025. Of the ₹14.82 lakh crore gross market borrowing budgeted for the year, ₹8 lakh crore (54%) will be raised in H1 through dated securities, including ₹10,000 crore of Sovereign Green Bonds, over 26 weekly auctions. Borrowing will be spread across 3- to 50-year securities, with the largest share (26.2%) in 10-year papers. Weekly Treasury Bill issuance in Q1 is expected to be ₹19,000 crore, and the RBI fixed the Ways and Means Advances limit for H1 at ₹1.50 lakh crore.
Key facts
- Announced
- 27 March 2025
- H1 borrowing
- ₹8 lakh crore (54%)
- Full-year gross borrowing
- ₹14.82 lakh crore
- Green bonds
- ₹10,000 crore of Sovereign Green Bonds
- Auctions
- 26 weekly
- Largest maturity share
- 10-year: 26.2%
- Q1 T-bills
- ₹19,000 crore a week
- WMA limit (H1)
- ₹1.50 lakh crore
Practice MCQs 2 questions
How much does the Centre plan to borrow through dated securities in the first half of FY 2025-26, as announced on 27 March 2025?
Show answer
Correct answer: A — ₹8.00 lakh crore
₹8 lakh crore, or 54% of the ₹14.82 lakh crore budgeted for the year, is to be borrowed in H1.
In the H1 FY 2025-26 borrowing plan, which maturity accounts for the largest share of borrowing?
Show answer
Correct answer: B — 10-year
10-year securities have the largest share at 26.2%; 15-year and 40-year papers have 14% each.