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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

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.

Primary deficit, by month, in ₹ crore, by financial year
Month2026–272025–262024–252023–242022–23
Apr2.53 ₹ lakh crore92,872 ₹ crore81,873 ₹ crore85,666 ₹ crore33,558 ₹ crore
May2.72 ₹ lakh crore2.27 ₹ lakh crore1.55 ₹ lakh crore13,958 ₹ crore64,941 ₹ crore
Junnot published29,320 ₹ crore55,145 ₹ crore1.08 ₹ lakh crore24,777 ₹ crore
Julnot published1.27 ₹ lakh crore77,398 ₹ crore98,039 ₹ crore66,315 ₹ crore
Augnot published47,759 ₹ crore85,958 ₹ crore30,417 ₹ crore1.46 ₹ lakh crore
Sepnot published74,544 ₹ crore75,506 ₹ crore57,755 ₹ crore19,797 ₹ crore
Octnot published1.56 ₹ lakh crore1.95 ₹ lakh crore41,082 ₹ crore93,798 ₹ crore
Novnot published79,477 ₹ crore33,623 ₹ crore40,007 ₹ crore1.56 ₹ lakh crore
Decnot published2.86 ₹ lakh crore82,324 ₹ crore64,550 ₹ crore1.21 ₹ lakh crore
Jannot published48,322 ₹ crore1.88 ₹ lakh crore46,800 ₹ crore1.40 ₹ lakh crore
Febnot published1.94 ₹ lakh crore99,927 ₹ crore3.40 ₹ lakh crore2.03 ₹ lakh crore
Marnot published89,250 ₹ crore66,919 ₹ crore30,778 ₹ crore1.50 ₹ lakh crore
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.