India's fiscal deficit reaches 42.1% of FY27 target in April-September

The expenditure during April-September accounted for 47.7% of the full-year Budget Estimate (BE), while total receipts stood at 50.3% of the corresponding annual target, according to the monthly accounts of the Government of India released by the Ministry of Finance.Tax revenue accounted for the largest share of the government's total receipts at 70%.New Delhi,Oct 30, 2026 17:50 ISTThe Centre spent Rs 25.49 lakh crore in the first six months of the financial year 2026-27, while its total receipts stood at Rs 18.35 lakh crore, according to the latest government accounts released on Friday.The expenditure during April-September accounted for 47.7% of the full-year Budget Estimate (BE), while total receipts stood at 50.3% of the corresponding annual target, according to the monthly accounts of the Government of India released by the Ministry of Finance.GOVERNMENT RECEIPTS: TAX REVENUE ACCOUNTS FOR 70%The government received Rs 18,35,422 crore in total during April-September. This included Rs 12,76,088 crore in tax revenue (net to the Centre), Rs 4,80,732 crore in non-tax revenue and Rs 78,602 crore in non-debt capital receipts.Tax revenue accounted for the largest share of the government's total receipts at 70%. Non-tax revenue contributed 26%, while non-debt capital receipts made up the remaining 4%. Credit: pib.gov.in The government also transferred Rs 6,99,409 crore to state governments as their share of taxes during the period. This was Rs 67,658 crore higher than the amount transferred during the corresponding period last year.GOVERNMENT EXPENDITURE: 74% SPENT ON REVENUE ACCOUNTThe Centre's total expenditure stood at Rs 25,49,835 crore during the first six months of FY27, accounting for 47.7% of the full-year Budget Estimate. Of the total expenditure, Rs 18,95,288 crore was spent on the revenue account, while Rs 6,54,547 crore went towards capital expenditure.Revenue expenditure accounted for 74% of the government's total spending, while capital expenditure made up 26%.Of the total revenue expenditure, Rs 6,46,010 crore went towards interest payments and Rs 2,22,905 crore towards major subsidies.The latest figures provide a picture of the government's receipts and spending during the first half of the current financial year.- Ends