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Informist, Friday, Nov. 28, 2025

 

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--Govt Apr-Oct fiscal deficit 52.6% of FY26 Budget target of INR 15.689 tln
--Govt Apr-Oct fiscal deficit INR 8.251 tln vs INR 7.508 tln year ago
--Govt Apr-Oct total expenditure INR 26.256 tln vs INR 24.739 tln year ago
--Govt Apr-Oct total receipts INR 18.005 tln vs INR 17.231 tln year ago
--Govt Apr-Oct capital expenditure INR 6.177 tln vs INR 4.665 tln year ago
--Govt Apr-Oct non-tax revenue INR 4.891 tln vs INR 3.993 tln year ago
--Govt Oct fiscal deficit INR 2.520 tln vs INR 2.763 tln deficit year ago
--Govt Oct total expenditure INR 3.223 tln vs INR 3.624 tln year ago
--Govt Oct total receipts INR 703 bln vs INR 861 bln year ago
--Govt Oct capital expenditure INR 370 bln vs INR 516 bln year ago
--Govt Oct non-tax revenue INR 230 bln vs INR 421 bln year ago

 

NEW DELHI – The Indian government's fiscal deficit rose 10% on year to INR 8.251 trillion in Apr-Oct, data released Friday by the Controller General of Accounts showed. At INR 8.251 trillion, the deficit in the first seven months of this fiscal accounted for 52.6% of the Budget estimate for 2025–26 (Apr-Mar). The fiscal deficit in Apr-Oct last year had accounted for 46.5% of the target for FY25. 

 

The government's total expenditure rose 6.1% to INR 26.256 trillion during Apr-Oct, while total receipts increased 4.5% to INR 18.005 trillion. Capital expenditure jumped 32% on year to INR 6.177 trillion in the first seven months of FY26. With this, the government has met 55.1% of its capital expenditure target for FY26.

 

Non-tax revenue in Apr-Oct was INR 4.891 trillion, 22.5% higher from a year ago, 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 2.4% to INR 12.743 trillion during the period. The government's gross tax collections in Apr-Oct inched up only 4% to INR 21.144 trillion.

 

For October, the government registered a fiscal deficit of INR 2.520 trillion, down 8.8% on year. This was on account of an 11?ll in total expenditure to INR 3.223 trillion, primarily due to a 28.3?cline in capital expenditure to INR 370 billion. The government's revenue expenditure decreased 8.2% to INR 2.853 trillion in the month. 

 

Total receipts also fell 18.4% to INR 703 billion in October, out of which, revenue receipts were down 17% at INR 679.34 billion. But the net tax mop-up increased 12.9% to INR 449 billion during the month. Meanwhile, non-tax revenue fell 45.3% to INR 230 billion.

 

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

 

	Oct 2025	Sept 2025	Oct 2024	Year-on-year change in %
Revenue receipts	679.34	4,447.07	818.94	(-)17.05
Net tax revenue	449.31	4,189.63	398.14	12.85
Non-tax revenue	230.03	257.44	420.80	(-)45.34
Recovery of loans	20.39	28	18.41	10.76
Other receipts	2.86	0	23.65	(-)87.91
Total receipts	702.59	4,475.07	861.00	(-)18.40
Revenue expenditure	2,852.83	2,733.10	3,108.25	(-)8.22
Capital expenditure	369.97	1,491.67	515.76	(-)28.27
Total expenditure	3,222.80	4,224.77	3,624.04	(-)11.07
Fiscal deficit	2,520.21	(-)250.30	2,763.04	(-)8.79
Revenue deficit	2,173.49	(-)1,713.97	2,289.31	(-)5.06

 

 

	Apr-Oct FY26	Apr-Oct FY25	Year-on-year % change	Budget estimates	% of actuals to Budget estimates
					FY26	FY25
Revenue receipts	17,633.80	17,042.67	3.47	34,204.09	51.6	54.5
Net tax revenue	12,743.01	13,049.73	(-)2.35	28,374.09	44.9	50.5
Non-tax revenue	4,890.76	3,992.94	22.49	5,830.00	83.9	73.2
Recovery of loans	133.92	132.75	0.88	290	46.2	47.4
Other receipts	237.03	55.32	328.47	470	50.4	11.1
Total receipts	18,004.75	17,230.74	4.49	34,964.09	51.5	53.7
Revenue expenditure	20,078.76	20,073.53	0.03	39,442.55	50.9	54.1
Capital expenditure	6,177.43	4,665.45	32.41	11,210.90	55.1	42.0
Total expenditure	26,256.19	24,738.98	6.13	50,653.45	51.8	51.3
Fiscal deficit	8,251.44	7,508.24	9.90	15,689.36	52.6	46.5
Revenue deficit	2,444.96	3030.86	(-)19.33	5,238.46	46.7	52.2

 

 

End

 

Reported by Krity Ambey

Edited by Akul Nishant Akhoury

 

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