New Delhi: The Government of India’s fiscal performance for the first half of the financial year 2025–26 showed a steady pace of revenue realisation and expenditure, according to the Monthly Review of Accounts released by the Ministry of Finance on Friday.
As per the consolidated accounts up to September 2025, the total receipts of the Government stood at ₹17,30,216 crore, representing 49.5% of the Budget Estimates (BE) for FY 2025–26.
Of the total receipts, tax revenue (net to Centre) amounted to ₹12,29,370 crore, while non-tax revenue contributed ₹4,66,076 crore. Additionally, ₹34,770 crore was realised as non-debt capital receipts.
During this period, the Centre transferred ₹6,31,751 crore to state governments as their share of taxes, marking an increase of ₹86,948 crore compared to the same period last year.
On the expenditure side, the total spending by the Government of India stood at ₹23,03,339 crore, accounting for 45.5% of the BE for FY 2025–26. This included ₹17,22,593 crore spent on revenue account and ₹5,80,746 crore on capital account.
Within the revenue expenditure, ₹5,78,182 crore was allocated towards interest payments, while ₹2,02,367 crore was spent on major subsidies.
The figures indicate a balanced trend in both receipts and expenditure midway through the financial year, reflecting continued fiscal management amid the government’s focus on infrastructure expansion and welfare spending.
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