In H1 FY26, the center will borrow Rs 8 lakh crore, and through green bonds, Rs 10,000 crore.

The Center's fiscal deficit, estimated at 4.4 percent of GDP for 2025–2026, will be partially financed by the borrowing.

Between April and September of the upcoming fiscal year, the federal government will borrow Rs 8 lakh crore from the bond market, or 54% of the Rs 14.82 lakh crore budgeted for the entire 2025–2026 period.

In the first half of the upcoming fiscal year, Rs 10,000 crore of this will be raised through sovereign green bonds.

The borrowing will be dispersed across government securities with maturities of 3, 5, 7, 10, 15, 30, 40, and 50 years.

While the Reserve Bank of India (RBI) has set the Ways and Means Advances (WMA) limit at Rs 1.50 lakh crore for H1 to handle transitory mismatches in government accounts, the Center will carry out security buybacks and switching operations to smooth the redemption profile.