Fiscal deficit at 29.9% of full-year target at July-end: CGA data

The Centre’s fiscal deficit increased to 29.9% of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) on Friday (August 29, 2025).

It was at 17.2% of Budget Estimates (BE) of 2024-25 in the first four months of the previous financial year.

The deficit was at 17.9% of the full-year target at the end of first quarter (April-June).

In absolute terms, the fiscal deficit, or gap between the government’s expenditure and revenue, was ₹4,68,416 crore in the April-July period of the 2025-26 fiscal year.

The Centre estimates the fiscal deficit during 2025-26 to be at 4.4% of the GDP, or ₹15.69 lakh crore.