Overview
- The April–November fiscal gap stood at Rs 9.76 lakh crore, up from 52.5% of the annual estimate a year earlier to 62.3% now.
- New Delhi is targeting a full-year deficit of 4.4% of GDP for FY26 after ending FY25 at 4.8%.
- Total receipts were Rs 19 lakh crore (55.7% of target) against expenditure of Rs 29.25 lakh crore (57.8%).
- Tax revenue was Rs 13.93 lakh crore, or 49.1% of the budgeted estimate, while non-tax revenue rose to Rs 5.16 lakh crore, helped by an RBI dividend of Rs 2.69 lakh crore.
- The revenue deficit reached Rs 3.57 lakh crore (68.2% of the target) as spending on major subsidies totaled about Rs 2.88 lakh crore, or 75% of the revised aim.