Indian govt's H1 2025 fiscal deficit 36.5% of full-year target: CGA

It was 29 per cent of the budget estimates (BE) in the first six months of the previous fiscal.

In absolute terms, the fiscal deficit, or gap between the government’s expenditure and revenue, was ₹5,731.23 billion during the period. The central government projects the fiscal deficit during FY26 at 4.4 per cent of the GDP, or ₹15.69 trillion. 

Data from the Controller General of Accounts (CGA) showed that the government received ₹16.95 trillion, i.e, 49.6 per cent of the corresponding FY26 BE of total receipts up to September 2025.

This comprised ₹12.29 trillion tax revenue (net to the central government), ₹4.6 trillion of non-tax revenue and ₹347 billion of non-debt capital receipts.

ALCHEMPro News Desk (DS)