Union Budget 2026: Government's Net Market Borrowing Rises to ₹11.73 Lakh Crore for FY27

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Firstpost•01-02-2026, 13:36
Union Budget 2026: Government's Net Market Borrowing Rises to ₹11.73 Lakh Crore for FY27
- •The government projects its net market borrowing at ₹11.73 lakh crore for FY27, representing 3% of GDP.
- •Gross borrowings are estimated at ₹17.20 lakh crore, or 4.4% of GDP, for the same fiscal year.
- •Net market borrowing for FY27 is higher than the revised estimates of ₹10.7 lakh crore for FY26 and ₹9.0 lakh crore for FY25.
- •The increased borrowing is primarily aimed at funding capital expenditure, which is considered growth-enhancing.
- •Economists warn of potential bond supply pressures but note that fiscal consolidation efforts may maintain investor confidence.
Why It Matters: Government's net market borrowing for FY27 is set at ₹11.73 lakh crore, prioritizing capital expenditure.
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