India's fiscal deficit at 26.8% of FY27 target in April to July

India's fiscal deficit at 26.8% of FY27 target in April to July

Government data released on 31 August 2026 showed India's fiscal deficit for April to July 2026 stood at Rs 4.55 lakh crore, or 26.8 percent of the full year target for 2026-27, an improvement from Rs 4.7 lakh crore in the same period last year. Net tax receipts rose to Rs 8.5 lakh crore from Rs 6.6 lakh crore a year earlier, while total government expenditure rose to Rs 17.6 lakh crore from Rs 15.6 lakh crore. The government has set its fiscal deficit target for 2026-27 at 4.3 percent of GDP, or Rs 16.96 lakh crore.