India, Sept. 26 -- The Union Government will raise Rs 7.86 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by a whopping Rs 1,20,494 crore despite global headwinds.

The reduction in total borrowing indicates the government's commitment to fiscal prudence.

A senior finance ministry official said the reduction is mainly due to switching G-secs maturing in 2026-27 of Rs 1,14,286 crore, a conscious debt-management strategy of the Government of India.

"During 2026-27, the Government of India is expected to have market borrowing of Rs 15,99,506 crore through dated securities, as compared to Budget Estimates of Rs 17,20,000 crore for the ongoing financial year," th...