India Hits Fiscal Deficit Target of 4.4% of GDP for FY26

New Delhi: The government on Monday said that the Centre has achieved its fiscal deficit target of 4.4 per cent of the GDP for 2025-26. The fiscal deficit for the previous financial year was estimated to be at Rs 15,68,936 crore, which was revised down to Rs 15,58,492 crore, as presented to Parliament in February by Union finance minister Nirmala Sitharaman.

As per the data released by the Controller General of Accounts, the government managed to collect Rs 33.42 lakh crore revenue, or 98.8 percent of the revised Budget Estimates (RE). The central government's expenditure during 2025-26 was Rs 49.64 lakh crore, or 98.8 percent of the RE. The government's fiscal deficit for 2024-25 was 4.8 per cent of the GDP.