By Admin 
India’s Fiscal Deficit: The fiscal deficit of the central government has increased to Rs 9.76 lakh crore by the end of November, which is 62.3 percent of the annual budget target set for the financial year 2025-26, whereas this figure was 52.5 percent in the same period last year. The government has estimated the fiscal deficit for the current financial year to be 4.4 percent of the Gross Domestic Product (GDP) i.e. Rs 15.69 lakh crore.
increase in fiscal deficit
According to the data of the Comptroller and Auditor General (CAG), the total income of the central government till November 2025 was Rs 19.49 lakh crore, which is 55.7 percent of the total budget estimate. Of this, Rs 13.94 lakh crore was received from tax revenue, Rs 5.16 lakh crore was received from non-tax revenue and Rs 38,927 crore was received as non-debt capital receipts. During the same period, the central government transferred Rs 9.36 lakh crore as share in taxes to the states, which is Rs 1.24 lakh crore more than last year.
The total expenditure of the central government till November stood at Rs 29.26 lakh crore, which is 57.8 percent of the annual budget estimate, which includes Rs 22.67 lakh crore revenue expenditure and Rs 6.58 lakh crore capital expenditure. The largest share in revenue expenditure was on interest payments, on which Rs 7.45 lakh crore was spent, while Rs 2.88 lakh crore was spent on subsidies.
What do experts say
Responding to these figures, ICRA Chief Economist Aditi Nair said that in the current financial year, the gross tax revenue of the central government is likely to be short by about Rs 1.5 lakh crore as compared to the budget estimate, but this shortfall can be compensated by better performance of non-tax revenue and savings in revenue expenditure, due to which the risk of exceeding the fiscal deficit target seems to be limited at present.
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