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Centre's fiscal deficit stands at 29.9% of full-year target at end of July: CGA
Aug-30-2025

The Controller General of Accounts (CGA) in its latest data has showed that Centre's fiscal deficit increased to 29.9 per cent of the full-year target of 2025-26 at the end of July 2025. The fiscal deficit was 17.2 per cent of the Budget Estimates (BE) of 2024-25 in the first four months of the previous financial year. In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 4,68,416 crore in the April-July period of 2025-26. The Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP, or Rs 15.69 lakh crore.

The CGA data showed the government received Rs 10.95 lakh crore (31.3 per cent of the corresponding BE 2025-26 of total receipts) up to July 2025. It comprised Rs 6.61 lakh crore tax revenue (Net to Centre), Rs 4.03 lakh crore of non-tax revenue and Rs 29,789 crore of non-debt capital receipts. Further, it said Rs 4.28 lakh crore has been transferred to state governments as devolution of share of taxes by the Government of India during the period, which is Rs 61,914 crore higher than the previous year.

The total expenditure incurred by the Centre was Rs 15.63 lakh crore - 30.9 per cent of the corresponding BE 2025-26, out of which Rs 12,16,699 crore was on the revenue account and Rs 3.46 lakh crore on the capital account. Of the total revenue expenditure, Rs 4.46 lakh crore was on account of interest payments and Rs 1.13 lakh crore towards major subsidies.

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