New Delhi: The Government of India has mobilised ₹19.49 lakh crore in total receipts during April–November 2025, equivalent to 55.7% of the Budget Estimates (BE) for FY26, reflecting steady progress in revenue collection during the first eight months of the fiscal, official data released by the Ministry of Finance showed.
Tax revenues net to the Centre stood at ₹13.94 lakh crore during the period, forming the bulk of receipts, while non-tax revenues contributed ₹5.16 lakh crore. Non-debt capital receipts, including recoveries of loans and disinvestment proceeds, were reported at ₹38,927 crore.
During the same period, the Centre transferred ₹9.37 lakh crore to state governments as devolution of their share of taxes, marking an increase of ₹1.24 lakh crore over the corresponding period of the previous year, underscoring higher fiscal transfers to states amid elevated public spending needs.
On the expenditure side, total spending by the Union government reached ₹29.26 lakh crore till November, or 57.8% of the FY26 BE. Revenue expenditure accounted for ₹22.68 lakh crore, while capital expenditure stood at ₹6.58 lakh crore, indicating continued emphasis on asset-creating outlays alongside routine spending.
Interest payments remained a significant component of revenue expenditure at ₹7.46 lakh crore, while major subsidies—including food, fertiliser and petroleum—amounted to ₹2.88 lakh crore during the period, the data showed.
The fiscal numbers suggest that both receipts and expenditure are broadly tracking the budgeted path midway through the fiscal year, even as higher tax devolution to states and committed expenditures such as interest payments continue to shape the Centre’s fiscal position in FY26.