According to the data of the Comptroller and Auditor General (CAG), the total income of the central government till November 2025 was Rs 19.49 lakh crore, which is 55.7 percent of the total budget estimate.

The central government's fiscal deficit has reached 62.3% of the budget, and here's what the figures say.

India's Fiscal Deficit: The central government's fiscal deficit widened to ₹9.76 lakh crore by the end of November, representing 62.3 percent of the annual budget target for the 2025-26 fiscal year, compared to 52.5 percent in the same period last year. The government has estimated the fiscal deficit for the current financial year to be 4.4 percent of gross domestic product (GDP), or ₹15.69 lakh crore.

Increase in fiscal deficit

According to data from the Comptroller and Auditor General (CAG), the central government's total income as of November 2025 stood at ₹19.49 lakh crore, representing 55.7 percent of the total budget estimate. Of this, ₹13.94 lakh crore came from tax revenue, ₹5.16 lakh crore from non-tax revenue, and ₹38,927 crore from non-debt capital receipts. During the same period, the central government transferred ₹9.36 lakh crore to the states as their share of taxes, an increase of ₹1.24 lakh crore compared to last year.

Total central government expenditure as of November stood at ₹29.26 lakh crore, representing 57.8 percent of the annual budget estimate, including revenue expenditure of ₹22.67 lakh crore and capital expenditure of ₹6.58 lakh crore. Interest payments constituted the largest portion of revenue expenditure, accounting for ₹7.45 lakh crore, while subsidies accounted for ₹2.88 lakh crore.

What do experts say?

Reacting to these figures, ICRA Chief Economist Aditi Nayar said that the gross tax revenue of the central government is likely to fall short by about Rs 1.5 lakh crore in the current financial year compared to the budget estimate, but this shortfall can be compensated by better performance of non-tax revenue and savings in revenue expenditure, due to which the risk of exceeding the fiscal deficit target appears limited at present.