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India's fiscal deficit reaches 80.4% of full year target in April-February of FY26: CGA
Mar-31-2026

The data released by the Controller General of Accounts (CGA) showed that India’s fiscal deficit -- the difference between the government’s revenue and expenditure -- has reached 80.4% of the budget estimate (BE) for the fiscal year ending March 31, 2026 (FY26) as of the April-February period of FY26. During the period, the government's fiscal deficit came in at Rs 12.52 lakh crore. 

According to the CGA, the Centre has projected the fiscal deficit for FY26 at 4.4% of GDP, or Rs 15.58 lakh crore. The Centre's total receipts stood at Rs 27.91 lakh crore, or 82% of the budget target by February-end 2026. The receipts included Rs 21.45 lakh crore tax revenue (net) and Rs 5.8 lakh crore non-tax revenue.

The CGA data showed that during April-February of FY26, the government transferred Rs 12.66 lakh crore to states as their share of taxes, marking an increase of Rs 85,837 crore compared to the previous year. During the same period, the central government's total expenditure stood at Rs 40.44 lakh crore, or 81.5% of the full financial year budget target. Of the total expenditure, Rs 31.15 lakh crore was incurred on revenue expenditure, while Rs 9.29 lakh crore was incurred on capital expenditure. Out of the total revenue expenditure, Rs 10.65 lakh crore went towards interest payments and Rs 3.89 lakh crore towards major subsidies.

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