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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.

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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

In the month

Each month on its own, differenced out of the cumulative column — CGA does not publish a monthly figure. April is the cumulative figure itself.

Fiscal deficit, by month, in ₹ crore, by financial year
Month2026–272025–262024–252023–242022–23
Apr3.62 ₹ lakh crore1.86 ₹ lakh crore2.10 ₹ lakh crore1.34 ₹ lakh crore74,846 ₹ crore
May2.00 ₹ lakh crore1.73 ₹ lakh crore1.60 ₹ lakh crore76,692 ₹ crore1.29 ₹ lakh crore
Junnot published2.68 ₹ lakh crore85,097 ₹ crore2.41 ₹ lakh crore1.48 ₹ lakh crore
Julnot published1.88 ₹ lakh crore1.41 ₹ lakh crore1.54 ₹ lakh crore11,040 ₹ crore
Augnot published1.30 ₹ lakh crore1.58 ₹ lakh crore37,233 ₹ crore2.01 ₹ lakh crore
Sepnot published25,030 ₹ crore39,344 ₹ crore59,035 ₹ crore78,248 ₹ crore
Octnot published2.52 ₹ lakh crore2.76 ₹ lakh crore1.02 ₹ lakh crore1.38 ₹ lakh crore
Novnot published1.52 ₹ lakh crore95,770 ₹ crore1.03 ₹ lakh crore2.20 ₹ lakh crore
Decnot published1.21 ₹ lakh crore67,495 ₹ crore75,694 ₹ crore14,822 ₹ crore
Jannot published1.26 ₹ lakh crore2.55 ₹ lakh crore1.20 ₹ lakh crore1.98 ₹ lakh crore
Febnot published2.71 ₹ lakh crore1.77 ₹ lakh crore3.99 ₹ lakh crore2.63 ₹ lakh crore
Marnot published2.67 ₹ lakh crore2.30 ₹ lakh crore1.52 ₹ lakh crore2.79 ₹ lakh crore
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.