Skip to content
The Public Rupee

Monthly Fiscal Tracker

Receipts, expenditure and deficits as the Controller General of Accounts reports them each month, cumulative from April and measured against the year's annual target.

Covers
April–May 2026–27

Fiscal deficit

Total expenditure less total receipts excluding borrowings. The overall borrowing requirement.

₹ lakh crore, cumulative from April

0.05.010.015.0AprMayJunJulAugSepOctNovDecJanFebMar2026–27
₹ lakh crore, cumulative from April2026–272025–262024–252023–242022–23

Cumulative from April

As CGA publishes it: the running total from 1 April to the end of each month, with the share of that year's annual target beneath.

Fiscal deficit, cumulative from April, in ₹ crore, by financial year
Month2026–272025–262024–252023–242022–23
Apr3.62 ₹ lakh crore21.4%1.86 ₹ lakh crore12.0%2.10 ₹ lakh crore13.4%1.34 ₹ lakh crore7.7%74,846 ₹ crore4.3%
May1.62 ₹ lakh crore9.6%13,163 ₹ crore0.8%50,615 ₹ crore3.2%2.10 ₹ lakh crore12.1%2.04 ₹ lakh crore11.6%
Junnot published2.81 ₹ lakh crore18.0%1.36 ₹ lakh crore8.6%4.51 ₹ lakh crore26.0%3.52 ₹ lakh crore20.0%
Julnot published4.68 ₹ lakh crore30.1%2.77 ₹ lakh crore17.6%6.06 ₹ lakh crore34.9%3.41 ₹ lakh crore19.4%
Augnot published5.98 ₹ lakh crore38.4%4.35 ₹ lakh crore27.7%6.43 ₹ lakh crore37.1%5.42 ₹ lakh crore30.9%
Sepnot published5.73 ₹ lakh crore36.8%4.75 ₹ lakh crore30.2%7.02 ₹ lakh crore40.5%6.20 ₹ lakh crore35.3%
Octnot published8.25 ₹ lakh crore52.9%7.51 ₹ lakh crore47.8%8.04 ₹ lakh crore46.3%7.58 ₹ lakh crore43.2%
Novnot published9.77 ₹ lakh crore62.7%8.47 ₹ lakh crore53.9%9.07 ₹ lakh crore52.3%9.78 ₹ lakh crore55.7%
Decnot published8.56 ₹ lakh crore54.9%9.14 ₹ lakh crore58.2%9.82 ₹ lakh crore56.6%9.93 ₹ lakh crore56.6%
Jannot published9.81 ₹ lakh crore63.0%11.70 ₹ lakh crore74.5%11.03 ₹ lakh crore63.6%11.91 ₹ lakh crore67.8%
Febnot published12.53 ₹ lakh crore80.4%13.47 ₹ lakh crore85.8%15.01 ₹ lakh crore86.5%14.54 ₹ lakh crore82.8%
Marnot published15.19 ₹ lakh crore97.5%15.77 ₹ lakh crore100.5%16.54 ₹ lakh crore95.3%17.33 ₹ lakh crore98.7%
Annual target16.96 ₹ lakh crore · BE15.58 ₹ lakh crore · RE15.70 ₹ lakh crore · RE17.35 ₹ lakh crore · RE17.55 ₹ lakh crore · RE

Figures in ₹ lakh crore where they exceed one lakh crore, ₹ crore below it, exactly as the underlying documents report them. A month with no entry has not been published yet.

Same month, year on year

Every year at the same point in its own year, as a share of that year's target. Percentages are compared rather than rupee amounts, because a larger Budget would otherwise read as faster spending.

Fiscal deficit to May, each year against its own annual target
Financial yearApril–MayAnnual target% of targetvs this year
2026–27in progress1.62 ₹ lakh crore16.96 BE9.6%
2025–2613,163 ₹ crore15.58 RE0.8%+8.7 pp
2024–2550,615 ₹ crore15.70 RE3.2%+6.3 pp
2023–242.10 ₹ lakh crore17.35 RE12.1%2.5 pp
2022–232.04 ₹ lakh crore17.55 RE11.6%2.0 pp

A year's target is its Revised Estimate once published, and its Budget Estimate before that — the column says which. CGA switches its own comparison the same way partway through a year.