Fiscal PolicyNews
India's Fiscal Deficit Reaches 18.2% of Full-Year Target in the First Quarter of FY27
- ▸India's central government fiscal deficit stood at ₹3,07,833 crore in April-June 2026, 18.2% of the full-year FY27 target, according to data from the Controller General of Accounts.
- ▸The government has budgeted a full-year fiscal deficit of ₹16.96 lakh crore (4.3% of GDP) for FY27; net tax revenue reached ₹6.36 lakh crore, 22.2% of the year's budgeted estimate, by the end of June.
- ▸Capital expenditure rose to roughly ₹3.4 lakh crore in the quarter, up from about ₹2.75 lakh crore in the same period a year earlier, even as total spending increased faster than revenue.
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
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Primary Sources
Controller General of Accounts, Ministry of Finance, Government of IndiaUnion Government Monthly Accounts – June 2026 (Provisional)2026-07-31
Cite This Article
EconoLens Editorial Team. (2026, August 4). India's Fiscal Deficit Reaches 18.2% of Full-Year Target in the First Quarter of FY27. EconoLens. https://econolens.co.in/news/india-fiscal-deficit-q1-fy27-18-2-percent
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
The EconoLens editorial team covers global macroeconomics, monetary policy, fiscal policy, and international trade. All content is AI-assisted and fact-checked.
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