PANAJI
Chief Minister Pramod Sawant on Monday said Goa did not resort to open market borrowing during the first quarter of the 2026-27 financial year, calling it a sign of the State’s improved financial management and fiscal discipline.
Sawant chaired a high-level finance review meeting to assess Goa’s financial position during the previous financial year and the first quarter of the current fiscal. The meeting was attended by the Chief Secretary, Secretaries, District Collectors and heads of departments.
During the review, the Chief Minister assessed the State’s borrowings through open market sources and NABARD.
“It is encouraging that the State has not resorted to open market borrowings in the first quarter of the financial year, reflecting strong fiscal consolidation and prudent financial management,” the Chief Minister’s Office (CMO) said in a statement.
The Goan had earlier reported that although the State government had planned to raise Rs 900 crore through market borrowings between April and June, it did not raise any funds through the issue of State Development Loan (SDL) bonds.
According to the Reserve Bank of India’s (RBI) indicative borrowing calendar, Goa had planned to borrow Rs 200 crore in April, Rs 400 crore in May and Rs 300 crore in June. However, the RBI’s monthly borrowing schedule showed no SDL issuances by the State during these three months.
The Chief Minister also reviewed the implementation of Centrally Sponsored Schemes and new Central schemes, the functioning of the Goa State CSR Authority, projects under Climate Resilient Funding, progress of major infrastructure projects and implementation of Government of India initiatives.
The CMO said Sawant directed officials to improve coordination between departments, conduct regular reviews, ensure full coverage of Central schemes and strengthen online delivery of public services.
In the previous financial year, the State borrowed Rs 350 crore against a planned borrowing of Rs 900 crore. Such borrowings are generally used for capital expenditure and funding social welfare programmes.
The Centre has fixed Goa’s borrowing limit for 2026-27 at Rs 4,000 crore. In the previous financial year, the State borrowed only Rs 1,250 crore, well below its permissible borrowing limit of Rs 4,500 crore.
