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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

Primary deficit

Fiscal deficit less interest payments.

₹ lakh crore, cumulative from April

0.02.55.07.5AprMayJunJulAugSepOctNovDecJanFebMar2026–27
₹ 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.

Primary deficit, cumulative from April, in ₹ crore, by financial year
Month2026–272025–262024–252023–242022–23
Apr2.53 ₹ lakh crore86.6%92,872 ₹ crore32.7%81,873 ₹ crore19.0%85,666 ₹ crore12.6%33,558 ₹ crore4.1%
May19,107 ₹ crore-6.5%1.35 ₹ lakh crore-47.4%73,195 ₹ crore-17.0%99,624 ₹ crore14.7%98,499 ₹ crore12.1%
Junnot published1.05 ₹ lakh crore-37.1%1.28 ₹ lakh crore-29.7%2.08 ₹ lakh crore30.6%1.23 ₹ lakh crore15.1%
Julnot published21,726 ₹ crore7.6%50,942 ₹ crore-11.8%3.06 ₹ lakh crore45.0%56,961 ₹ crore7.0%
Augnot published69,485 ₹ crore24.5%35,016 ₹ crore8.1%2.75 ₹ lakh crore40.5%2.03 ₹ lakh crore24.9%
Sepnot published5,059 ₹ crore-1.8%40,490 ₹ crore-9.4%2.18 ₹ lakh crore32.0%1.83 ₹ lakh crore22.5%
Octnot published1.51 ₹ lakh crore53.3%1.54 ₹ lakh crore35.8%2.59 ₹ lakh crore38.1%2.77 ₹ lakh crore34.0%
Novnot published2.31 ₹ lakh crore81.3%1.88 ₹ lakh crore43.6%2.99 ₹ lakh crore44.0%4.33 ₹ lakh crore53.1%
Decnot published55,217 ₹ crore-19.4%1.06 ₹ lakh crore24.5%2.34 ₹ lakh crore34.5%3.12 ₹ lakh crore38.3%
Jannot published6,895 ₹ crore-2.4%2.94 ₹ lakh crore68.1%2.81 ₹ lakh crore41.3%4.52 ₹ lakh crore55.5%
Febnot published1.87 ₹ lakh crore65.9%3.94 ₹ lakh crore91.3%6.21 ₹ lakh crore91.3%6.55 ₹ lakh crore80.4%
Marnot published2.77 ₹ lakh crore97.3%4.61 ₹ lakh crore106.8%5.90 ₹ lakh crore86.8%8.05 ₹ lakh crore98.8%
Annual target2.92 ₹ lakh crore · BE2.84 ₹ lakh crore · RE4.32 ₹ lakh crore · RE6.79 ₹ lakh crore · RE8.15 ₹ 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.

Primary deficit to May, each year against its own annual target
Financial yearApril–MayAnnual target% of targetvs this year
2026–27in progress19,107 ₹ crore2.92 BE-6.5%
2025–261.35 ₹ lakh crore2.84 RE-47.4%+40.8 pp
2024–2573,195 ₹ crore4.32 RE-17.0%+10.4 pp
2023–2499,624 ₹ crore6.79 RE14.7%21.2 pp
2022–2398,499 ₹ crore8.15 RE12.1%18.6 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.