Budget 2026: Centre to Borrow Rs 17.2 Lakh Crore for FY27 Fiscal Deficit
Budget
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Moneycontrol•01-02-2026, 12:02
Budget 2026: Centre to Borrow Rs 17.2 Lakh Crore for FY27 Fiscal Deficit
- •Finance Minister Nirmala Sitharaman announced gross borrowing of Rs 17.2 lakh crore for FY27 to finance the fiscal deficit.
- •This target is 16% higher than the current year's budget estimate of Rs 14.82 lakh crore.
- •Net borrowing for FY27 is pegged at Rs 11.7 lakh crore.
- •Government borrowings significantly influence interest rates for all bond issuers, with higher borrowing potentially increasing rates.
- •A Moneycontrol poll anticipated India's gross market borrowing for FY27 to be Rs 15-17 lakh crore, driven by rising redemptions.
Why It Matters: Centre sets FY27 gross borrowing at Rs 17.2 lakh crore, a 16% increase, impacting market interest rates.
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