https://www.taxtmi.com/news?id=66228 Central government fiscal deficit stood at Rs 9.76 lakh crore (62.3% of the 2025-26 target) at end-November, with receipts of Rs 19.49 lakh crore (55.7% of BE) and expenditure of Rs 29.26 lakh crore (57.8% of BE). Receipts comprised net tax revenue, non-tax revenue and non-debt capital receipts; expenditure split into revenue and capital accounts included interest payments and major subsidies, and substantial tax devolution to states. A forecast expects a Rs 1.5 lakh crore tax shortfall offset by higher non-tax receipts and revenue expenditure savings. en-us Wed, 31 Dec 2025 19:31:03 +0530 Wed, 31 Dec 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66228 Central government fiscal deficit stood at Rs 9.76 lakh crore (62.3% of the 2025-26 target) at end-November, with receipts of Rs 19.49 lakh crore (55.7% of BE) and expenditure of Rs 29.26 lakh crore (57.8% of BE). Receipts comprised net tax revenue, non-tax revenue and non-debt capital receipts; expenditure split into revenue and capital accounts included interest payments and major subsidies, and substantial tax devolution to states. A forecast expects a Rs 1.5 lakh crore tax shortfall offset by higher non-tax receipts and revenue expenditure savings. News - Wed, 31 Dec 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=66228