Views Sovereign bond: To issue or not to Updated : July 15, 2019 07:22 PM IST The goal of bringing down central deficit to 3 percent has been pushed back by both UPA and NDA governments repeatedly, or the numbers have been fudged. The government lately is making it a habit of meeting a large part of its deficit from an ever-increasing RBI dividend which actually amounts to monetisation of the deficit. The global financial markets are far more uncertain today with longstanding trading arrangements getting challenged and growth models disrupted. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.