New Delhi: The Union government’s receipts stood at ₹25.25 lakh crore up to December 2025, or 72.2% of the Budget Estimate (BE) for FY26, while total expenditure touched ₹33.81 lakh crore, accounting for 66.7% of the full-year target, according to the monthly accounts released by the Ministry of Finance.
Tax revenue (net to the Centre) came in at ₹19.39 lakh crore, with non-tax revenue contributing ₹5.40 lakh crore and non-debt capital receipts at ₹46,047 crore during the April–December period. The Centre also transferred ₹10.38 lakh crore to states as their share of taxes, a jump of ₹1.37 lakh crore over the year-ago period, reflecting stronger devolution flows.
On the spending side, revenue expenditure amounted to ₹25.93 lakh crore, while capital expenditure stood at ₹7.88 lakh crore, underscoring the government’s continued push on asset-creating outlays. Within revenue spending, interest payments accounted for ₹9.11 lakh crore, and major subsidies for ₹3.17 lakh crore, the data showed.
With two-thirds of the annual spending already incurred by December, the numbers suggest a front-loaded expenditure profile alongside steady revenue mobilisation. The higher transfer of taxes to states is expected to support sub-national spending, even as the Centre balances capital outlays with fiscal consolidation in the remaining quarter of the fiscal year.