India's 2025/26 fiscal deficit at 4.4%, in line with government estimates

India's fiscal deficit stood at 4.4% of the gross domestic product for the year ended March 31, 2026, data showed on Monday, in line with government's revised estimates.

The deficit was at 15.19 trillion rupees ($159.91 billion), or 97.5% of the government's revised estimates presented in February.

In April, the fiscal deficit amounted to 21.4% of the budgeted target for the full year ending March 2027, data showed.

KEY NUMBERS FOR 2025/26

- Net tax receipts at 33 trillion rupees ($347.40 billion), up from 30.87 trillion rupees collected in the same period a year ago.

- Non-tax revenue at 6.8 trillion rupees, compared with 5.31 trillion rupees a year ago.

- Total government expenditure at 49 trillion rupees compared with 47.16 trillion rupees a year earlier.

- Capital expenditure, or spending on building physical infrastructure, stood at 10.7 trillion rupees against 10.18 trillion rupees a year ago.

($1 = 94.9900 Indian rupees)

(Reporting by Shubham Batra in New Delhi; Editing by Ronojoy Mazumdar and Janane Venkatraman)

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This story was originally published June 1, 2026 at 7:59 AM.