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Informist, Monday, Jun. 1, 2026

 

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--Govt Apr fiscal deficit INR 3.623 tln vs INR 1.863 tln deficit year ago 
--Govt Apr fiscal deficit 21.4% of FY27 Budget target of INR 16.958 tln 
--Govt Apr total expenditure INR 5.750 tln vs INR 4.656 tln year ago 
--Govt Apr capital expenditure INR 1.898 tln vs INR 1.598 tln year ago 
--Govt Apr total receipts INR 2.127 tln vs INR 2.793 tln year ago 
--Govt Apr non-tax revenue INR 243 bln vs INR 672 bln year ago 
--Govt Apr gross tax revenue INR 2.663 tln vs INR 2.715 tln year ago 
--Govt: Apr state tax devolution INR 878 bln vs INR 817 bln yr ago 

 

NEW DELHI – The government's fiscal deficit in April was INR 3.623 trillion, accounting for 21.4% of the Budget estimate of INR 16.958 trillion for the current financial year, data from the Controller General of Accounts showed on Monday. The fiscal deficit for April was nearly double the year-ago figure, data showed. 

 

In April 2025, the fiscal deficit had accounted for 11.9% of the FY26 target. The government's revenue deficit for April, at INR 1.824 trillion, was nearly four times higher than INR 490.01 billion a year ago. The sharp rise in the fiscal gap was due to a 23.5% rise in total expenditure, while a sharp slowdown in revenues was seen.  

 

The government's total expenditure was up 23.5% at INR 5.750 trillion in April, while total receipts fell 23.8% to INR 2.127 trillion during the month. Capital expenditure and interest payments also rose steadily during the month, up 18.8% and 17.2%, respectively. 

 

The fall in total receipts was led by a 63.8% drop in non-tax revenue at INR 243 billion in April. A sharp fall in other receipts to INR 64 billion from INR 214 billion a year ago also added to the government's revenue slowdown last month. 

 

While the Budget pegged the government's fiscal deficit in FY27 at 4.3% of GDP, the government now sees it at 4.5% of GDP, following a downward revision in India's nominal GDP under the new series. Data released Monday showed the government's fiscal deficit in FY26 met the revised Budget estimate of 4.40% of GDP.

 

The Controller General of Accounts detailed the government's accounts for April as follows (in INR billion):

 

	Apr-26	Mar-26	Apr-25	Year-on-year % change
Revenue receipts	2,027.85	5,758.29	2,568.29	(-)21.0
Net tax revenue	1,784.92	4,780.41	1,896.69	(-)5.9
Non-tax revenue	242.93	977.88	671.6	(-)63.8
Other receipts	63.72	151.89	214.11	(-)70.2
Total receipts	2,126.79	5,940.39	2,792.88	(-)23.8
Interest payments	1,095.62	1,772.7	934.60	17.2
Revenue expenditure	3,851.51	7,207.62	3,058.30	25.9
Capital expenditure	1,898.31	1,397.97	1,597.90	18.8
Total expenditure	5,749.82	8,605.59	4656.2	23.5
Fiscal deficit	3,623.03	2,665.2	1,863.32	94.4
Revenue deficit	1,823.66	1,449.33	490.01	272.2
Primary deficit	2,527.41	892.5	928.72	172.1

 

End

 

Reported by Priyasmita Dutta

Edited by Avishek Dutta

 

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