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.