Centre’s Fiscal Deficit Crosses 62% of FY26 Target:
India’s fiscal position in the first eight months of FY26 reflects a familiar but important trend strong government spending on infrastructure alongside slower growth in tax revenues. Latest official data shows that while capital expenditure has increased significantly to support growth, revenue collections have not kept pace. This has pushed the fiscal deficit to over 62% of the full-year target, raising questions about budget management in the remaining months of the fiscal year.According to data released by the Controller General of Accounts, the Centre’s fiscal deficit stood at ₹9.77 trillion, or 62.3% of FY26 Budget Estimates, during April–November 2025, driven by a 28% rise in capital expenditure and weak net tax revenues.
