India’s fiscal deficit for April–December stood at ₹8,558.42 billion, amounting to 54.5% of the full-year 2025/26 target. Net tax receipts during the same period reached ₹19,392.54 billion, reflecting steady revenue inflows. The figures highlight the government’s fiscal management amid rising expenditure needs and ongoing efforts to balance growth with discipline.
India’s Ministry of Finance has released fiscal data for the April–December period of FY2025/26, showing the deficit at 54.5% of the annual target. Despite significant expenditure commitments, strong tax collections have provided a cushion, underscoring the government’s ability to maintain fiscal stability while supporting economic growth.
Key Highlights:
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Fiscal Deficit: ₹8,558.42 billion, 54.5% of FY2025/26 target.
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Net Tax Receipts: ₹19,392.54 billion, reflecting healthy revenue inflows.
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Revenue Performance: Tax collections remain robust, aiding fiscal balance.
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Expenditure Trends: Government spending continues to support infrastructure and welfare programs.
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Fiscal Outlook: The deficit trajectory suggests cautious optimism, with fiscal discipline critical to sustaining growth momentum.
India’s fiscal position indicates resilience, balancing expenditure priorities with strong revenue mobilization. Analysts will closely monitor the final quarter to assess whether the government remains on track to meet its fiscal deficit target for FY2025/26.
Sources: Ministry of Finance (Government of India), Reuters, Business Standard.