India's fiscal deficit widened to Rs 7.14 lakh crore in the first half of FY27, reaching 42.1% of the full-year target. Government data released on Friday showed total expenditure hit Rs 25.5 lakh crore. The Centre used up more than two-fifths of its annual target during these six months of spending.
India's fiscal deficit widened to Rs 7.14 lakh crore in the first half of FY27, or 42.1% of the full-year target, according to government data released on Friday.
The gap between what the Centre spent and what it earned in April to September has already used up more than two-fifths of the annual target.
Where The Money Came From
The Centre's total receipts for the six months stood at Rs 18.35 lakh crore. Gross tax revenue came in at Rs 19.8 lakh crore, and non-tax revenue at Rs 4.81 lakh crore. Of the tax collected, Rs 6.99 lakh crore was passed on to the states as tax devolution.
Where It Went
Total expenditure was Rs 25.5 lakh crore, of which capital expenditure, the spending on building roads, rail and other physical infrastructure, was Rs 6.55 lakh crore.
The Numbers At A Glance
Indicator (Apr-Sept FY27)AmountFiscal deficitRs 7.14 lakh croreFiscal deficit as share of FY27 target42.1%Gross tax revenueRs 19.8 lakh croreNon-tax revenueRs 4.81 lakh croreTotal receiptsRs 18.35 lakh croreCapital expenditureRs 6.55 lakh croreTotal expenditureRs 25.5 lakh croreState tax devolutionRs 6.99 lakh crore