Government meets FY26 fiscal deficit target of 4.4% of GDP
Easing immediate concerns over government finances, the data released by the Controller General of Accounts (CGA) has showed that the government met its fiscal deficit target of 4.4 per cent of gross domestic product (GDP) for FY 2025-26 (FY26). The government’s fiscal deficit for 2024-25 was 4.8 per cent of the GDP.
The fiscal deficit for the previous financial year was estimated to be at Rs 15,68,936 crore, which was revised down to Rs 15,58,492 crore, as presented to Parliament in February by the government.
According to CGA data, the government collected revenue of Rs 33.85 lakh crore, or 99.4 per cent of the revised Budget Estimates (RE) during 2025-26. During 2025-26, the central government’s expenditure was Rs 49.05 lakh crore, or 98.8 per cent of the RE.
