India's April-June Fiscal Deficit At 17.9% Of FY26 Target

Wait 5 sec.

India's fiscal deficit in April-June stood at 17.9% of the fiscal year 2026 target of Rs 15.69 lakh crore. The fiscal deficit for the three months came in at Rs 2.8 lakh crore as compared to Rs 1.4 lakh crore in the year-ago period, according to the official data released on Thursday.Total expenditure in the first three months came in at Rs 12.2 lakh crore, up from Rs 9.7 lakh crore in the April–June period of the last fiscal. Of this, capital expenditure rose to Rs 2.8 lakh crore from Rs 1.8 lakh crore.On the revenue front, gross tax collections for the April–June period stood at Rs 8.7 lakh crore, up slightly from Rs 8.3 lakh crore last year. Non-tax revenue showed a stronger increase, rising to Rs 3.7 lakh crore from Rs 2.8 lakh crore year-on-year.The month of June alone saw a significant widening of the fiscal deficit, which reached Rs 2.7 lakh crore, compared to Rs 85,100 crore in June last year. The jump came as the government ramped up spending, with total expenditure for June hitting Rs 4.8 lakh crore, up from Rs 3.5 lakh crore.June’s capital expenditure rose to Rs 53,800 crore, compared to Rs 37,400 crore a year earlier. However, total receipts for the month fell to Rs 2.08 lakh crore from Rs 2.61 lakh crore, exerting pressure on the fiscal balance.In terms of revenue composition, June gross tax revenue was Rs 3.5 lakh crore, slightly down from Rs 3.7 lakh crore last year. Non-tax revenue dropped sharply to Rs 16,200 crore, from Rs 28,300 crore in June 2024.Centre’s Tax Revenues Beat Expectations; Fiscal Deficit At 25-Year Low. Read more on Economy & Finance by NDTV Profit.