India`s fiscal deficit stood at 52.60% of target in first seven months of FY26
The data released by the Controller General of Accounts (CGA) showed that India’s fiscal deficit stood at 52.60% of the full-year budget target at the end of October 2025. The fiscal deficit was 46.5% of the Budget Estimates (BE) of 2024-25 in the first seven months of the previous financial year. The data showed that gap between the government's expenditure and revenue, was around Rs 8.25 lakh crore in the April-October period of 2025-26.
The government had estimated the fiscal deficit at 4.40% of the GDP, or Rs 15.69 lakh crore, during 2025-26. The CGA data revealed that the total revenue receipts at the end of first seven months of FY26 stood at around Rs 18 lakh crore or 51.50% of budgeted estimate of around Rs 34.96 lakh crore. During the same period, government has reported tax revenue at around Rs 12.74 lakh crore as compared to FY26 budgeted estimate of Rs 28.37 crore.
On the expenditure front, the government has achieved 55.10% of its budgeted capital expenditure of around Rs 11.21 lakh crore for FY26. The capital expenditure stood at around Rs 6.17 lakh crore at the end of first seven months of FY26. In the same period, the government has spent around Rs 26.25 lakh crore, 51.80% of its budgeted expenditure at around Rs 50.65 lakh crore for FY26.
