India`s fiscal deficit reaches 62.3% of full year target in April-November of FY26
The data released by the Controller General of Accounts (CGA) showed that India’s fiscal deficit -- the difference between the government’s revenue and expenditure--has reached 62.3% of the budget estimate (BE) as of the April-November period of the fiscal year ending March 31, 2026. During the period, the government's fiscal deficit came in at Rs 9.76 lakh crore. The gap between expenditure and revenue stood at Rs 8.46 lakh crore during April-November 2024.
According to the CGA, the Centre has projected the fiscal deficit for FY26 at 4.4 per cent of GDP, or Rs 15.69 lakh crore. Up to November 2025, the central government received about Rs 19.49 lakh crore, or 55.7 per cent of the corresponding budget estimate for total receipts. This includes Rs 13.93 lakh crore of tax revenue (net to Centre), Rs 5.16 lakh crore of non-tax revenue and Rs 38,927 crore of non-debt capital receipts.
During the first eight months of this fiscal, the total expenditure came in at Rs 29.25 lakh crore, which is 58.7% of the FY26 estimated target, out of which Rs 22.67 lakh crore was on revenue account and Rs 6.58 lakh crore on capital account.
