Government of India to borrow Rs 6.61 lakh crore in second half of FY 2024-25

The Government of India, in consultation with the Reserve Bank of India, has finalized its borrowing programme for the second half (H2) of FY 2024-25. Out of Gross Market borrowing of Rs 14.01 lakh crore budgeted for FY 2024-25, Rs 6.61 lakh crore (47.2%) is planned to be borrowed in H2 through issuance of dated securities, including Rs 20,000 crore of Sovereign Green Bonds (SGrBs). The gross market borrowing of Rs 6.61 lakh crore shall be completed through 21 weekly auctions. The market borrowing will be spread over 3, 5, 7, 10, 15, 30, 40 and 50 year securities. The share of borrowing (including SGrBs) under different maturities will be: 3-year (5.3%), 5-year (10.6%), 7-year (7.6%), 10-year (24.8%), 15-year (13.2%), 30-year (12.1%), 40-year (15.9%) and 50-year (10.6%).
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