India's Fiscal Deficit February-End 2026
Analysis based on 7 articles · First reported Mar 30, 2026 · Last updated Mar 30, 2026
India's central government fiscal deficit reached Rs 12.52 lakh crore by the end of February 2026, representing 80.4% of the annual budget target for 2025-26. This figure is an improvement compared to 85.8% in the year-ago period. The government projects the fiscal deficit for 2025-26 to be 4.4% of GDP, or Rs 15.58 lakh crore. Total receipts for India stood at Rs 27.91 lakh crore, or 82% of the budget target, including Rs 21.45 lakh crore in net tax revenue and Rs 5.8 lakh crore in non-tax revenue. Total expenditure for India during April-February 2025-26 was Rs 40.44 lakh crore, or 81.5% of the full financial year budget target. This data was released by the India — Drugs Controller General of India.
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