Centre Crosses Half of the Annual Fiscal Deficit in Just Seven Months

In the current fiscal year (2025-26), the central government's fiscal deficit from April to the end of October has been recorded at ₹8.25 lakh crore. The central government estimates that this deficit could reach 4.4% of GDP (₹15.69 lakh crore) for the full fiscal year. It appears that these first seven months have already accounted for 52.6% of the total projected fiscal deficit.

It is noteworthy that the fiscal deficit estimate for the same period in the previous fiscal year stood at 46.5%. The fiscal deficit arises from the gap between government expenditures and revenues. According to data released by the Controller General of Accounts (CGA), the government achieved a total revenue of ₹18 lakh crore by the end of October.

Within this revenue, ₹12.74 lakh crore came from tax revenues, while ₹4.89 lakh crore was from non-tax revenues. Additionally, non-debt capital receipts were projected at ₹37,095 crore. Furthermore, the central government transferred ₹8.34 lakh crore to states and union territories. Total expenditures amounted to ₹26.25 lakh crore. Of this, ₹20 lakh crore were allocated to revenue expenditures, and ₹6.17 lakh crore were designated for capital expenditures.