India's fiscal deficit for the period of April to November has reached Rs 9.76 lakh crore, according to recent government data. This represents 62.3% of the annual estimates for the fiscal year 2026. The deficit has widened compared to the previous year's corresponding period, which stood at 52.5% of the annual estimates.

The government is aiming to reduce the fiscal gap to 4.4% of GDP in FY26, a decrease from 4.8% in the previous fiscal year.

In the April-October period, the fiscal deficit reached Rs 8.25 lakh crore, which was 52.6% of the FY26 estimate. Net tax receipts for this period were Rs 12.74 lakh crore, while non-tax revenue increased to Rs 4.89 lakh crore. Government expenditure for April-October climbed to Rs 26.26 lakh crore, with capital spending seeing a sharp rise to Rs 6.18 lakh crore.

For the same period the previous year, the fiscal deficit stood at 46.5% of the yearly target. The Centre's revenue deficit in April-October stood at Rs 2.44 lakh crore, which is 46.7% of the annual target. Total expenditure during the first seven months of the fiscal year stood at Rs 26.25 lakh crore, 51.8% of the FY26 estimated target. The total capital expenditure stood at Rs 6.17 lakh crore, 55.1% of the annual target, a jump compared to the previous year when capex stood at 42% of the fiscal target.