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Informist, Monday, Jun. 1, 2026

 

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--Govt FY26 fiscal deficit 97.5% of revised FY26 target of INR 15.585 tln 
--Govt FY26 fiscal deficit INR 15.192 tln vs INR 15.773 tln year ago 
--Govt FY26 total expenditure INR 49.052 tln vs INR 46.529 tln year ago 
--Govt FY26 capital expenditure INR 10.691 tln vs INR 10.520 tln year ago 
--Govt FY26 total receipts INR 33.860 tln vs INR 30.784 tln year ago 
--Govt FY26 non-tax revenue INR 6.790 tln vs INR 5.366 tln year ago 
--Govt FY26 gross tax revenue INR 40.243 tln vs INR 37.964 tln year ago 
--Govt: FY26 state tax devolution INR 13.930 tln vs INR 12.869 tln yr ago 
--Govt FY26 fiscal deficit 4.40% of GDP 

 

NEW DELHI – The Central government met its fiscal deficit target of 4.4% of GDP for 2025-26 (Apr-Mar), data released Monday by the Controller General of Accounts showed. In absolute terms, the government's fiscal deficit in FY26 was INR 15.192 trillion, accounting for 97.5% of the revised target of INR 15.585 trillion, data showed. The fiscal deficit was 4.8% in FY25.

 

The government's total expenditure rose 5.4% on year to INR 49.052 trillion in FY26, accounting for 98.8% of the revised Budget target. Total receipts increased 10.0% to INR 33.860 trillion, making up for 99.4% of the revised Budget target for FY26.

 

Capital expenditure rose just 1.6% to INR 10.691 trillion in FY26, falling short of the revised Budget target by INR 266 billion. 

 

The government's gross tax mop-up rose 6.0% on year to INR 40.243 trillion in FY26, but fell short of the revised target of INR 40.778 trillion for the year.

 

The revenue deficit was 1.6% of GDP in FY26, higher than the revised Budget estimate of 1.5%. The effective revenue deficit was 0.8% of GDP in FY26, also higher than the revised Budget target of 0.6%. 

For March, the government's fiscal deficit was INR 2.665 trillion, up 17.1% from a year ago. Capital expenditure during the month fell 42% on year to INR 1.340 trillion. 

 

The following are the details of the government's accounts for March and FY26, as announced by the Controller General of Accounts (in INR billion):

 

	Mar-26	Feb-26	Mar-25	Year-on-year % change
Revenue receipts	5,758.29	748.71	5,276.66	9.1
Net tax revenue	4,780.41	510.05	4,844.05	(-)1.3
Non-tax revenue	977.88	238.66	432.61	126.0
Other receipts	151.89	67.92	14.93	917.3
Total receipts	5,940.39	832.89	5,321.20	11.6
Revenue expenditure	7,207.62	2,674.90	5,196.32	38.7
Capital expenditure	1,397.97	870.41	2,400.66	(-)41.8
Total expenditure	8,605.59	3,545.31	7,596.98	13.3
Fiscal deficit	2,665.20	2,712.42	2,275.78	17.1
Revenue deficit	1,449.33	1,926.19	(-)80.34	--

 

	FY26	FY25	Year-on-year % change	FY26 Revised estimates	% of actuals to estimates
					FY26	FY25
Revenue receipts	33,022.25	30,366.19	8.7	33,423.23	98.8	98.3
Net tax revenue	26,232.64	25,000.39	4.9	26,746.61	98.1	97.8
Non-tax revenue	6,789.61	5,365.80	26.5	6,676.62	101.7	101.1
Other receipts	591.40	172.02	243.8	338.37	174.8	52.1
Total receipts	33,859.82	30,784.37	10.0	34,063.50	99.4	97.8
Interest payments	12,425.75	11,155.75	11.4	12,743.38	97.5	98.0
Revenue expenditure	38,360.32	36,009.14	6.5	38,690.87	99.1	97.4
Capital expenditure	10,691.19	10,519.53	1.6	10,957.55	97.6	103.3
Total expenditure	49,051.51	46,528.67	5.4	49,648.42	98.8	98.7
Fiscal deficit	15,191.69	15,744.30	(-)3.5	15,584.92	97.5	100.3
Revenue deficit	5,338.07	5,642.95	(-)5.4	5,267.64	101.3	92.5
Primary deficit	2,765.94	4,588.55	(-)39.7	2,841.54	97.3	106.3

 

Source: Controller General of Accounts

 

End

 

Reported by Shubham Rana

Edited by Saji George Titus

 

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