India’s Fiscal Snapshot: Receipts and Expenditure Upto Oct 2025

RR Team

7 days ago

The Government of India has consolidated its monthly accounts for the financial year 2025-26 up to October, revealing total receipts of ₹18,00,475 crore, representing 51.5% of the Budget Estimates (BE) for the year. Tax revenue netted ₹12,74,301 crore, while non-tax revenue contributed ₹4,89,079 crore. Additionally, non-debt capital receipts amounted to ₹37,095 crore.

During this period, the Central Government transferred ₹8,34,957 crore to states as devolution of share of taxes, which is an increase of ₹1,11,981 crore compared to the previous year, highlighting strengthened fiscal support to state administrations.

Total expenditure by the government reached ₹26,25,619 crore, accounting for 51.8% of the BE. Out of this, revenue expenditure stood at ₹20,07,876 crore and capital expenditure at ₹6,17,743 crore. Revenue spending included ₹6,73,715 crore for interest payments and ₹2,46,575 crore on major subsidies.

Key Highlights

Total receipts: ₹18,00,475 crore (51.5% of BE)
Tax Revenue (Net to Centre): ₹12,74,301 crore
Non-Tax Revenue: ₹4,89,079 crore
Non-Debt Capital Receipts: ₹37,095 crore
Tax Devolution to States: ₹8,34,957 crore (+₹1,11,981 crore YoY)
Total Expenditure: ₹26,25,619 crore (Revenue: ₹20,07,876 crore, Capital: ₹6,17,743 crore)
Interest Payments: ₹6,73,715 crore
Major Subsidies: ₹2,46,575 crore

These figures indicate that while revenue mobilization remains strong, expenditure continues to outpace receipts, a trend that underscores the importance of prudent fiscal management for the remainder of the financial year. The increase in devolution to states also demonstrates the government’s commitment to inclusive growth and financial federalism.