India's Fiscal Deficit Reaches Rs 12.52 Lakh Crore by February 2026

India's fiscal deficit has reached Rs 12.52 lakh crore by February 2026, marking 80.4% of the annual budget target. This is a decrease from the previous year's 85.8%. The government anticipates a fiscal deficit of 4.4% of GDP for the fiscal year, with total receipts and expenditures reflecting significant financial activity. Discover more about the revenue sources and expenditure patterns in this detailed report.

By Narendra Chaudhary Mar 30, 2026, 17:45 IST

Overview of Fiscal Deficit

As of February 2026, India's fiscal deficit has reached Rs 12.52 lakh crore, accounting for 80.4% of the annual budget target for the fiscal year 2025-26. This figure shows a decrease from 85.8% recorded during the same period last year, as per the latest government statistics released on Monday.

The central government projects a fiscal deficit of 4.4% of GDP, translating to Rs 15.58 lakh crore for the fiscal year 2025-26. Monthly financial reports from the Controller General of Accounts (CGA) indicate that total receipts for the Centre amounted to Rs 27.91 lakh crore, which is 82% of the budget target set for the end of February 2026.

These receipts comprise Rs 21.45 lakh crore from net tax revenue and Rs 5.8 lakh crore from non-tax revenue. Furthermore, the CGA's data reveals that the total expenditure of the central government from April to February 2025-26 was Rs 40.44 lakh crore, representing 81.5% of the total budget target for the financial year.