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

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.