Centre Collects Rs 10.95 Lakh Crore in April-July FY26, Fiscal Deficit at 29.9%

The central government's fiscal deficit has reached 29.9% of the annual target for the April-July period of FY26. According to the data released, the government's total receipts were ₹10.95 lakh crore, while its total expenditure was ₹15.63 lakh crore. The widening of the fiscal deficit is primarily attributed to higher government spending aimed at boosting economic growth. However, the government is optimistic about meeting its fiscal deficit target for the full financial year, as it expects strong revenue collection in the remaining months. The data provides a clear picture of the government's financial position and its spending priorities for the current fiscal year.