Public finance in India

Receipts, taxes, spending and the fiscal deficit show how the central government is funding the year.

Government accounts

36.9% of the full-year budget, +6 points against the same stage a year earlier.

Item	Actual	Budget estimate	Used	Same point last year
Revenue receipts	₹12.68 trillion$132 billion	₹35.33 trillion$369 billion	35.9%	31.1%
Tax revenue (net)	₹8.45 trillion$88.1 billion	₹28.67 trillion$299 billion	29.5%	23.3%
Non-tax revenue	₹4.23 trillion$44.1 billion	₹6.66 trillion$69.5 billion	63.5%	69.2%
Revenue expenditure	₹13.11 trillion$137 billion	₹41.25 trillion$431 billion	31.8%	30.8%
Capital expenditure	₹4.51 trillion$47 billion	₹12.22 trillion$128 billion	36.9%	30.9%
Total expenditure	₹17.62 trillion$184 billion	₹53.47 trillion$558 billion	32.9%	30.9%
Fiscal deficit	₹4.55 trillion$47.5 billion	₹16.96 trillion$177 billion	26.8%	29.9%

Source: Controller General of Accounts, India Dispatch Research

Gross revenue was ₹2.11 trillion ($22 billion) before ₹299.68 billion ($3.13 billion) of refunds.

Gross GST revenue₹2.11 trillion$22 billion

July 2026

Net GST revenue₹1.81 trillion$18.9 billion

July 2026

Source: Goods and Services Tax Network, India Dispatch Research

Completed-year capital expenditure rose from ₹2.64 trillion ($27.5 billion) to ₹10.69 trillion ($112 billion).

Capital expenditure₹10.69 trillion$112 billion

2025–26

Axis in INR. Paired USD values use the site’s dated reference rate.

Source: Controller General of Accounts, India Dispatch Research