The Central government collected Rs 10,95,209 crore between April and July of FY 2025-26, accounting for 31.3% of the full-year budget estimates (BE), according to data released by the Finance Ministry on Friday.
Revenue and Receipts
Out of the total receipts:
- Rs 6,61,812 crore came from net tax revenue,
- Rs 4,03,608 crore from non-tax revenue, and
- Rs 29,789 crore from non-debt capital receipts.
The Centre also devolved Rs 4,28,544 crore to states as their share of taxes, which is Rs 61,914 crore higher than the same period last year.
Expenditure Trends
Total government expenditure stood at Rs 15,63,625 crore (30.9% of BE 2025-26). Of this:
- Rs 12,16,699 crore was on the revenue account,
- Rs 3,46,926 crore was on the capital account, mainly directed towards large-scale infrastructure projects.
Interest payments alone amounted to Rs 4,46,690 crore, while major subsidies accounted for Rs 1,13,592 crore.
Capital expenditure on infrastructure - highways, railways, ports, and power - crossed Rs 3.5 lakh crore, up from Rs 2.6 lakh crore a year ago, signalling strong government push towards growth and job creation.
Fiscal Deficit Under Control
The fiscal deficit stood at 29.9% of the annual target, reflecting a disciplined fiscal position. A lower deficit reduces borrowing needs, leaving more funds available for private sector credit, boosting consumption and investment.
Economists note that the combination of higher tax transfers to states, robust infrastructure spending, and controlled deficit levels strengthens macroeconomic stability while supporting the Centre's goal of driving growth with stability.
CAclubindia
