Panaji: Reflecting deft fiscal management, state govt opted not to raise funds through state treasury bonds in the first quarter of FY 2026-27. Chief minister Pramod Sawant had budgeted borrowings amounting to Rs 3,410 crore this year, and the RBI’s calendar of market borrowings for the July–Sep quarter suggests that Goa will raise Rs 1,200 crore by auctioning state development loans till Sep 30.“It is encouraging that Goa has not resorted to open market borrowings in the first quarter of the financial year, reflecting robust fiscal consolidation and prudent financial management,” said Sawant, who also hold the finance portfolio.He chaired a finance review meeting at the secretariat on Monday, where he took stock of the state’s finances while also reviewing funds being raised through Nabard and the open market. He took a review of the funds spent by various departments, the fiscal performance in 2025-26, as well as the earnings in the first quarter. He also directed officials to fast-track major projects, strengthen inter-departmental coordination, and ensure 100% saturation of central govt initiatives. Department heads presented an overview of the current implementation of centrally sponsored schemes and new central schemes that are being rolled out to beneficiaries.Sawant also took a review of the initiatives under way through the Goa State CSR Authority.During the meeting, deliberations also focused on strategies to obtain and utilise climate resilient funding for vulnerable parts of the state. Sawant even reviewed the progress of state govt’s major infrastructure projects.
