New Delhi: The government has achieved its fiscal deficit target of 4.4 per cent of the GDP for 2025-26, according to the data released by the Controller General of Accounts on Monday.
The fiscal deficit for the previous financial year was estimated to be at Rs 15,68,936 crore, which was revised down to Rs 15,58,492 crore, as presented to Parliament in February by Finance Minister Nirmala Sitharaman.
As per the CGA data, the government managed to collect Rs 33.42 lakh crore revenue, or 98.8 per cent of the revised Budget Estimates (RE).
Revenue collections remained robust during FY26. Net tax receipts rose to Rs 33 lakh crore, compared with Rs 30.87 lakh crore in the previous financial year. Non-tax revenues also increased significantly to Rs 6.8 lakh crore, up from Rs 5.31 lakh crore a year earlier.
On the expenditure side, total government spending climbed to Rs 49 lakh crore in FY26 from Rs 47.16 lakh crore in FY25.
Capital expenditure, a key indicator of public investment in infrastructure and economic development, rose to Rs 10.7 lakh crore during the year, compared with Rs 10.18 lakh crore in the previous fiscal.
The government has been focusing on maintaining fiscal discipline while sustaining capital spending to support economic growth. Meeting the revised fiscal deficit target is expected to reinforce confidence in India’s fiscal consolidation roadmap.
For FY27, the Centre has budgeted a further reduction in the fiscal deficit as a share of GDP, while continuing to prioritise infrastructure investment and growth-oriented spending.
