Fiscal deficit hits 62.3% of full-yr Budget target in Nov

‘The government's fiscal deficit for April-November of 2025-26 widened to ₹9.77 trillion, or 62.3 per cent of the budget estimates (BE), with capital expenditure increasing by 28 percent year-on-year (Yo-Y) for the same period, latest data of the Controller General of Accounts showed.

- RUCHIKA CHITRAVANSHI

“Fiscal deficit numbers signal that while overall spending in particular has been in line with what it was last year, revenue collection has lagged... The government will now be in a better position to manage the budgetary numbers with the level of uncertainty on account of the tariff impact now being absorbed fully by the system,” said Madan Sabnavis, chief economist, Bank of Baroda.