The central government is likely to stop issuing Sovereign Gold Bonds (SGBs) from the next financial year, aiming to ease its fiscal burden. These bonds require repayment in gold-equivalent value at maturity, adding to liabilities, along with regular interest payments. The move aligns with efforts to lower the debt-to-GDP ratio from 2026-27. Introduced to curb physical gold imports, the bonds have reportedly served their purpose. This decision reflects the government’s strategy to streamline finances and focus on reducing the growing fiscal deficit.