Centre's Fiscal Deficit Update: A Mid-Year Assessment
The Centre's fiscal deficit reached 36.5% of the yearly target at FY26's mid-point. The deficit, Rs 5.73 lakh crore, shows a rise from 29% last year. The government projects a 4.4% GDP deficit by year's end. Rs 16.95 lakh crore was received through various revenues up to September 2025.
- Country:
- India
The fiscal deficit of the Centre reached 36.5% of the total target for FY26 by the end of the first half, as per the data disclosed by the Controller General of Accounts on Friday. In comparison, the deficit was at 29% of the budget estimates last year.
In specific terms, the fiscal deficit, illustrating the gap between expenditure and revenue, amounted to Rs 5.73 lakh crore from April to September 2025-26. The government foresees the fiscal deficit to be 4.4% of GDP, equating to Rs 15.69 lakh crore, by the end of FY26.
The report detailed government receipts up to September 2025, totaling Rs 16.95 lakh crore, comprising Rs 12.29 lakh crore in tax revenue, Rs 4.6 lakh crore in non-tax revenue, and Rs 34,770 crore in non-debt capital receipts.
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