The Government of India has received Rs 18,00,475 crore-51.5% of the Budget Estimates (BE) 2025-26 for Total Receipts during the April to October 2025 period, according to the latest fiscal data released by the Ministry of Finance.
A major share of these receipts came from Tax Revenue (Net to Centre), which stood at Rs 12,74,301 crore, while Non-Tax Revenue contributed Rs 4,89,079 crore. The government also mobilised Rs 37,095 crore through Non-Debt Capital Receipts, reflecting steady gains in disinvestment and recovery of loans.
Higher Tax Devolution Boosts States' Finances
The Centre transferred Rs 8,34,957 crore to State Governments as their share of taxes during this period. This amount is Rs 1,11,981 crore higher than the corresponding figure last year, signalling stronger revenue flows and improved fiscal space for states.
Government Expenditure Reaches Rs 26.25 Lakh Crore
On the expenditure side, the government has incurred Rs 26,25,619 crore up to October 2025-51.8% of the BE 2025-26. Of this:
- Rs 20,07,876 crore was spent on Revenue Expenditure, covering operational and administrative costs.
- Rs 6,17,743 crore went towards Capital Expenditure, reinforcing the Centre's focus on infrastructure creation and asset-building.
Major Components of Revenue Spending
Within the Revenue Expenditure:
- Interest Payments accounted for Rs 6,73,715 crore, underscoring the rising cost of servicing public debt.
- Major Subsidies-including food, fertiliser, and petroleum-amounted to Rs 2,46,575 crore, continuing the government's support to key sectors and vulnerable households.
The latest fiscal numbers reflect a balanced trajectory of strong revenue collection, higher state transfers, and continued emphasis on capital spending-aligned with the government's growth and infrastructure-driven fiscal strategy.
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