Team Goemkarponn
PANAJI: The Goa government has returned to the market to raise funds, securing ₹100 crore through the auction of State securities on September 8, according to borrowing figures released by the Reserve Bank of India (RBI).
The latest auction is Goa’s first open market borrowing of the 2026-27 financial year, coming after the State stayed out of the market for the first five months of the fiscal.
The development assumes significance as the government had earlier highlighted its efforts to contain market borrowings and strengthen fiscal management. During the recent Assembly session, Chief Minister Pramod Sawant had said the government was concentrating on fiscal discipline, improving revenue collections and managing its debt obligations.
Goa’s borrowing programme had envisaged higher market mobilisation during the first quarter. The RBI’s indicative calendar had provided for State Development Loan borrowings of ₹200 crore in April, ₹400 crore in May and ₹300 crore in June. These proposed issuances, however, did not materialise, with no market borrowing recorded up to August 31.
For the current financial year, Goa has been allowed to borrow up to ₹3,700 crore. At the same time, the government has serviced ₹1,103 crore in principal and interest obligations from its own revenue so far.
The State is expected to face total repayment-related liabilities of about ₹5,320 crore during the year. Government securities worth approximately ₹1,320 crore are due for maturity, while interest payments on State Development Loans and other internal borrowings are estimated at nearly ₹4,000 crore.
Goa had similarly exercised restraint in the previous financial year. Although its approved borrowing ceiling stood at ₹4,500 crore for 2025-26, the State raised only ₹1,250 crore from the market.
The fresh ₹100-crore issuance comes as Goa balances its stated commitment to fiscal consolidation with the need to meet its sizeable debt-servicing commitments during the year.
