Government data shows India’s April–February fiscal deficit at Rs 12.53 lakh crore, 80.4% of FY26 aim

Key facts

• India’s fiscal deficit for April–February was Rs 12.53 lakh crore, equal to 80.4% of the FY26 budget estimate.
• Total receipts up to February stood at Rs 27.92 lakh crore, 82.0% of the revised estimate.
• Total expenditure for the period was Rs 40.45 lakh crore, 81.5% of the revised estimate.
• Tax revenue reached Rs 21.45 lakh crore, 80.2% of the budget target.
• Non-tax revenue stood at Rs 5.81 lakh crore, 87.0% of the estimate, boosted by transfers from the Reserve Bank of India (RBI).
• Revenue expenditure was Rs 31.15 lakh crore, 80.5% of the revised estimate.
• Capital expenditure totalled Rs 9.29 lakh crore, 84.8% of the budgeted target.
• Interest payments during April–February were Rs 10.65 lakh crore.
• Revenue deficit for the period was Rs 3.89 lakh crore, 73.8% of the full-year estimate.
• Primary deficit stood at Rs 1.87 lakh crore, 65.9% of budget estimates.
• Major subsidies amounted to Rs 3.90 lakh crore, 91% of revised estimates, with food subsidy at Rs 1.93 lakh crore and fertiliser subsidies near full-year targets.
• Petroleum subsidy spending was Rs 8,823 crore, 58% of estimates.