PANAJI
After making its first financial borrowing through the market for the current financial year, the State government has raised another Rs 100 crore within a week, taking its market borrowing so far in September to Rs 200 crore.
As per the daily borrowing data released by the Reserve Bank of India (RBI), Goa raised Rs 100 crore on September 8 through the auction of government securities, marking its first market borrowing of 2026-27. Within a week, the State again auctioned Rs 100 crore worth of security bonds on September 15.
The latest borrowing comes despite the government’s assertion that it had reduced its dependence on open market borrowings as part of its efforts towards fiscal consolidation, debt sustainability and improved debt management. Sources said the latest borrowing was necessitated by the financial requirement for implementing the Goa Ujjwala Yojana, under which the government has announced financial assistance for LPG refills. The State had not undertaken any market borrowing until August 31, according to the RBI’s borrowing data. During the recently concluded Assembly session, Chief Minister Pramod Sawant had said that the government had stopped relying on open market borrowings and was instead focusing on fiscal discipline, revenue mobilisation and debt management.
The State’s borrowing ceiling for the current financial year has been fixed at Rs 3,700 crore.
