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NEW DELHI, 31 Dec:<\/strong> The Centre’s fiscal deficit at the end of November stood at Rs.. 9.76 lakh crore, or 62.3 per cent of the annual budget target for 2025-26, compared to 52.5 per cent in the year-ago period, according to government data released on Wednesday.<\/p>\n The Centre estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.69 lakh crore.<\/p>\n According to data released by the Controller and Auditor General of India (CAG), the central government received Rs. 19.49 lakh crore (55.7 per cent of the corresponding BE 2025-26 of total receipts) up to November 2025.<\/p>\n This comprised Rs. 13,93,946 crore of tax revenue (net to Centre), Rs. 5,16,366 crore of non-tax revenue and Rs. 38,927 crore of non-debt capital receipts.<\/p>\n CGA data showed Rs. 9,36,561 crore was transferred to state governments as devolution of share of taxes by the Centre during the period, a rise of Rs. 1,24,498 crore year-on-year.<\/p>\n The total expenditure incurred by the Centre was Rs. 29.26 lakh crore (57.8 per cent of the corresponding BE 2025-26), out of which Rs. 22,67,700 crore was on revenue account and Rs. 6,58,210 crore on capital account.<\/p>\n Out of the total revenue expenditure, Rs. 7,45,765 crore was towards interest payments and Rs. 2,88,333 crore on account of major subsidies.<\/p>\n Commenting on the data, Aditi Nayar, Chief Economist with Icra, said the rating agency anticipates a shortfall of Rs.1.5 lakh crore in the Centre’s gross tax revenues in the current fiscal relative to the FY2025-26 budget estimate (BE).<\/p>\n “Overall, we expect the potential miss on the taxes side to be offset by higher-than-budgeted non-tax revenues and sizeable expenditure savings on the revenue spending front. As a result, we do not anticipate fiscal slippage at the current juncture,” Nayar said. (PTI)<\/p>\n","protected":false},"excerpt":{"rendered":" NEW DELHI, 31 Dec: The Centre’s fiscal deficit at the end of November stood at Rs.. 9.76 lakh crore, or 62.3 per cent of the annual budget target for 2025-26, compared to 52.5 per cent in the year-ago period, according to government data released on Wednesday. The Centre estimates the fiscal deficit (the gap between […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-275905","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-state-news"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/275905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=275905"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/275905\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=275905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=275905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=275905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}