Overview
- The gap stood at ₹5.73 lakh crore in April–September, up from 29.4% of the Budget Estimate in the year‑earlier period.
- Capital outlay jumped about 40% year on year to ₹5.80 lakh crore, or 51.8% of the annual target, while revenue spending growth stayed near 1.5%.
- Net tax revenue was ₹12.29 lakh crore, just 43.3% of the yearly aim, contracting 2.8% year on year as tax devolution to states rose to roughly ₹6.31 lakh crore.
- Non‑tax receipts reached ₹4.66 lakh crore, nearly 80% of the target, buoyed by a record Reserve Bank of India dividend of about ₹2.69 lakh crore.
- September recorded a ₹25,030 crore surplus, improving the run rate after August, and officials maintain confidence in achieving the 4.4% FY26 deficit target.