India’s fiscal deficit for the April–August period stood at ₹5.98 lakh crore ($67.34 billion), representing 38.1% of the government’s full-year target for FY26, official data showed on Tuesday.
Net tax receipts during the period stood at ₹8.1 lakh crore, slightly down from ₹8.7 lakh crore collected in the same period a year ago. Non-tax revenue, however, rose to ₹4.4 lakh crore, up from ₹3.3 lakh crore in April–August 2024.
Total government expenditure jumped to ₹18.8 lakh crore, compared with ₹16.5 lakh crore a year earlier, while capital expenditure, which funds physical infrastructure projects, increased sharply to ₹4.3 lakh crore from ₹3 lakh crore in the same period last year.