Industry Odisha Bureau, Aug 1: India’s fiscal deficit reportedly rose to 18.2% by June end of the current year (2026) in comparison with 2025.
Media reports, citing the latest monthly accounts released yesterday by the Controller General of Accounts (CAG), said that, “The deficit doubled from May end’s 9.6% and expanded to 18.2% by June end reflecting higher spending by the Government of India (GoI).”
Media reports, quoting financial experts, stated that, “While the GoI has budgetted the fiscal deficit to a tune of Rs 16.96 trillion, i.e. 4.3% of the Gross Domestic Product (GDP), it is expected that the GoI is banking on stronger tax collections and non-tax revenues during the current fiscal year 2026-27 (FY27) so that the state exchequer could stay within the target.”
Media reports, citing the CGA’s monthly accounts, said that, “While the GoI received Rs 10.49 trillion as total receipts in April–June 2026, i.e. Rs 6.37 trillion in tax revenue (net to Centre), Rs 3.78 trillion in non-tax revenue and Rs 35,003 crore in non-debt capital receipts, the total receipts, that accounted for 28.7% of the Budget Estimate (BE) for FY27, increased 11.5% over the first quarter (Q1) of FY26 (January 1 to March 31, 2026) led by a 17.8% rise in net tax revenue, even as non-tax revenue grew 1.2%.”
