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Fiscal snapshot: Centres deficit at 52.6% of FY26 target by October; receipts, state transfers rise

India's fiscal deficit reached 52.6% of the full-year target by October 2025, a notable increase from last year's 46.5%. Total expenditure touched Rs 26.25 lakh crore, with significant portions allocated to interest payments and subsidies. Government revenue collection is at 51.5% of estimates, indicating a widening gap that warrants attention.