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India's Fiscal Deficit for April-July at Rs 4.55 Lakh Crore, Narrows to 26.8% of FY27 Aim

Summary by Times of India
India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this year. The deficit narrowed significantly compared with year-earlier period. Total receipts stood at Rs 13.06 lakh crore rupees during this time. Overall expenditure also amounted to Rs 17.62 lakh lakh crore rupees.

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The primary fiscal surplus has reached 2.9% of GDP, but inflation is likely to increase, the Ministry of Finance said.

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Times of India broke the news in India on Monday, August 31, 2026.
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