New Delhi [India], June 30 (ANI): States and Union Territories combined will raise about Rs 2.86 lakh crore from markets in the quarter July-September 2025, the Reserve Bank of India (RBI) has indicated.

The expected market borrowing plans have been decided upon by the RBI after consulting with the State Governments/Union Territories.

Also Read | '4 Years Since You Left Us, Miss You': Mandira Bedi Remembers Husband Raj Kaushal on His Death Anniversary.

On July 1, Rs 18,100 crore is proposed to be borrowed - Andhra Pradesh (Rs 2,000 crore), Assam (Rs 900 crore), Gujarat (Rs 1,000 crore), Himachal Pradesh (Rs 1,200 crore), Kerala (Rs 2,000 crore), Maharashtra (Rs 6,000 crore), Rajasthan (Rs 500 crore), Tamil Nadu (Rs 2,000 crore), Telangana (Rs 1,500 crore), and West Bengal (Rs 1,000 crore).

Out of the gross market borrowing of Rs 14.82 lakh crore budgeted for 2025-26, Rs 8.00 lakh crore (54.0 per cent) is planned to be borrowed in the first half of the fiscal, through issuance of dated securities.

Also Read | Jammu and Kashmir: 2 Intruders Killed As Army Foils Infiltration Bid Along LoC in Rajouri, Local 'Guide' Nabbed.

The gross market borrowing of Rs 8.00 lakh crore shall be completed through 26 weekly auctions, a Ministry of Finance statement had indicated way back in March. 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 (11.3%), 7-year (8.2%), 10-year (26.2%), 15-year (14.0%), 30-year (10.5%), 40-year (14.0%) and 50-year (10.5%), the March finance ministry statement noted.

Presenting the Union Budget, Finance Minister Nirmala Sitharaman had pegged the 2025-26 fiscal deficit target at 4.4 per cent of GDP for the financial year 2025-26, versus the revised 4.8 per cent in 2024-25. The government intends to bring the fiscal deficit below 4.5 per cent of GDP by the end of the financial year 2025-26.

The difference between total revenue and total expenditure of the government is termed the fiscal deficit. It is an indication of the total borrowings that the government may need.

As announced in the Union budget on February 1, the government plans to borrow Rs 15.4 lakh crore from the market during FY 2025-26.

The government aims to use its market borrowings for capital expenditure as it is largely non-inflationary. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)