India's fiscal deficit for April-June at 38% of 2025-26 target, govt data shows
India's fiscal deficit stood at ₹5.98 lakh crore, ot 38.1% of the target for the fiscal ending 31 March 2026.
India's fiscal deficit has widened in the first five months of Fiscal 2025-26, government data showed on Tuesday.
The fiscal deficit — calculated as the difference between government revenue and government expenditure — stood at ₹5,98,193 crore, according to the data released by the Controller General of Accounts. That's 38.1% of the full-year target as against 27% in the year-ago period.
India has set itself a fiscal deficit target of 4.4% of the GDP, or ₹15.69 lakh crore, in the financial year ending 31 March 2025.
India Fiscal Deficit: Key Numbers
- Net tax receipts at ₹8.1 lakh crore, down from ₹8.7 lakh crore collected in the same period a year ago.
- Non-tax revenue at ₹4.4 lakh crore compared with ₹3.3 lakh crore a year ago.
- Total government expenditure at ₹18.8 lakh crore compared with ₹16.5 lakh crore a year earlier.
- Capital expenditure at ₹4.3 lakh crore against ₹3 lakh crore a year ago.
To be sure, the fiscal deficit figure shown in monthly accounts isn't necessarily an indicator of fiscal deficit for the full year, as it gets impacted by a temporal mismatch between the flow of non-debt receipts and expenditure up to that month.
