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Informist, Tuesday, Sept. 30, 2025

 

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--Govt Apr-Aug fiscal deficit 38.1% of FY26 Budget target of INR 15.689 tln
--Govt Apr-Aug fiscal deficit INR 5.982 tln vs INR 4.352 tln year ago
--Govt Apr-Aug total expenditure INR 18.809 tln vs INR 16.524 tln year ago
--Govt Apr-Aug total receipts INR 12.827 tln vs INR 12.172 tln year ago
--Govt Apr-Aug capital expenditure INR 4.316 tln vs INR 3.010 tln year ago
--Govt Apr-Aug non-tax revenue INR 4.403 tln vs INR 3.345 tln year ago
--Govt Aug fiscal deficit INR 1.297 tln vs INR 1.582 tln deficit year ago
--Govt Aug total expenditure INR 3.172 tln vs INR 3.520 tln year ago
--Govt Aug total receipts INR 1.875 tln vs INR 1.938 tln year ago
--Govt Aug capital expenditure INR 847 bln vs INR 397 bln year ago
--Govt Aug non-tax revenue INR 367 bln vs INR 327 bln year ago

 

NEW DELHI – The Indian government's fiscal deficit jumped 37.5% on year to INR 5.982 trillion in Apr-Aug, data released Friday by the Controller General of Accounts showed. The deficit in the first five months of the fiscal year accounted for 38.1% of the Budget estimate for 2025–26 (Apr-Mar). The fiscal deficit in Apr-Aug last year had accounted for 27.0% of the target for FY25.

 

The government's total expenditure rose 13.8% on year to INR 18.809 trillion during Apr-Aug, while total receipts increased 5.4% to INR 12.827 trillion. Capital expenditure jumped 43.4% on year to INR 4.316 trillion in the first five months of FY26. With this, the government has met 38.5% of its capital expenditure target for FY26. 

 

Non-tax revenue in Apr-Aug rose 31.7% on year to INR 4.403 trillion, largely because of the record high surplus transfer of INR 2.69 trillion by the Reserve Bank of India in May. Net tax revenue, on the other hand, fell 7.3% to INR 8.104 trillion during the same period. The government's gross tax collections in Apr-Aug rose 0.8% to INR 13.440 trillion. 

 

In August, the government's total expenditure declined nearly 10% to INR 3.172 trillion on account of a sharp fall in revenue expenditure, which decreased 25.5% to INR 2.326 trillion. But the government continued its push for investments, with capital expenditure more than doubling to INR 846.53 billion in August. 

 

Total receipts fell 3.2% to INR 1.875 trillion in August, out of which, revenue receipts were INR 1.853 trillion, down 3.1% on year. The net tax mop-up fell by 6.3% to INR 1.486 trillion during the month. However, non-tax receipts increased 12.4% to INR 367.24 billion. The government's fiscal deficit was INR 1.297 trillion in August, down 18% from a year ago. 

 

 

The Controller General of Accounts detailed the government's accounts for August and Apr-Aug as follows (in INR billion):

 

	Aug-25	Jul-25	Aug-24	Year-on-year % change
Revenue receipts	1,853.19	1,520.43	1,912.92	(-)3.1
Net tax revenue	1,485.95	1,214.96	1,586.21	(-)6.3
Non-tax revenue	367.24	305.47	326.71	12.4
Recovery of loans	14.15	17.43	16.65	(-)15.0
Other receipts	7.66	0.28	8.15	(-)6.0
Total receipts	1,875.00	1,538.14	1,937.72	(-)3.2
Revenue expenditure	2,325.84	2,697.04	3,122.76	(-)25.5
Capital expenditure	846.53	717.94	397.27	113.1
Total expenditure	3,172.37	3,414.98	3,520.03	(-)9.9
Fiscal  deficit	1,297.37	1,876.84	1,582.31	(-)18.0
Revenue deficit	472.65	1,176.61	1,209.84	(-)60.9

 

 

	Apr-Aug FY26	Apr-Aug FY25	Year-on-year % change	Budget estimates	% of actuals to Budget estimates
					FY26	FY25
Revenue receipts	12,507.39	12,083.12	3.5	34,204.09	36.6	38.6
Net tax revenue	8,104.07	8,738.45	(-)7.3	28,374.09	28.6	33.8
Non-tax revenue	4,403.32	3,344.67	31.7	5,830.00	75.5	61.3
Recovery of loans	85.53	80.46	6.3	290.00	29.5	28.7
Other receipts	234.17	8.20	2755.7	470.00	49.8	1.6
Total receipts	12,827.09	12,171.78	5.4	34,964.09	36.7	38.0
Revenue expenditure	14,492.83	13,513.67	7.2	39,442.55	36.7	36.4
Capital expenditure	4,315.79	3,009.87	43.4	11,210.90	38.5	27.1
Total expenditure	18,808.62	16,523.54	13.8	50,653.45	37.1	34.3
Fiscal  deficit	5,981.53	4,351.76	37.5	15,689.36	38.1	27.0
Revenue deficit	1,985.44	1,430.55	38.8	5,238.46	37.9	24.7

 

End

 

Reported by Krity Ambey

Edited by Saji George Titus

 

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