{ "meta": { "dossier": "public-finance", "source": "Reserve Bank of India, DBIE (via the Data Bank)", "product": "public-finance", "base": "n/a", "vintage": "2026-10-10", "mock": false, "geo": "IND", "releaseDate": null, "revisionPolicy": "Each year passes through three stages: the budget estimate (February before the year), the revised estimate (February of the year) and the accounts (provisional in May after the year, audited later). The RBI's tables restate a year as it moves from one stage to the next; each stage is kept as its own series.", "frequency": "annual", "unit": "inr_crore", "stages": { "accountsTo": "2024-25", "revisedEstimate": "2025-26", "budgetEstimate": "2026-27" }, "scope": "centre", "table": { "report": "656", "handbook": 210, "title": "The Centre's gross fiscal deficit and its financing" }, "latestPeriod": "2026-27 (financial year)", "coverage": "How the Centre's deficit is financed: market borrowing, other borrowing, external finance, cash, ₹ crore, 1970-71 on", "note": "RBI, The Centre's gross fiscal deficit and its financing (DBIE report 656; Handbook of Statistics on the Indian Economy). Amounts in ₹ crore (DBIE serves rupees). From 2017-18 market borrowing is dated securities only; before, it included 364-day Treasury bills and the net effect of switches and buybacks (Handbook note 5). GFD receipts include disinvestment proceeds from 1991-92. Stages, from the printed table's own note: accounts to 2024-25, the revised estimate for 2025-26 and the budget estimate for 2026-27, each in its own series (suffix __re and __be), never one line. Cross-checked against the printed table (Innovation Hub export of Handbook report 210): 376 of 376 figures match." }, "dates": [ "1970-04-01", "1971-04-01", "1972-04-01", "1973-04-01", "1974-04-01", "1975-04-01", "1976-04-01", "1977-04-01", "1978-04-01", "1979-04-01", "1980-04-01", "1981-04-01", "1982-04-01", "1983-04-01", "1984-04-01", "1985-04-01", "1986-04-01", "1987-04-01", "1988-04-01", "1989-04-01", "1990-04-01", "1991-04-01", "1992-04-01", "1993-04-01", "1994-04-01", "1995-04-01", "1996-04-01", "1997-04-01", "1998-04-01", "1999-04-01", "2000-04-01", "2001-04-01", "2002-04-01", "2003-04-01", "2004-04-01", "2005-04-01", "2006-04-01", "2007-04-01", "2008-04-01", "2009-04-01", "2010-04-01", "2011-04-01", "2012-04-01", "2013-04-01", "2014-04-01", "2015-04-01", "2016-04-01", "2017-04-01", "2018-04-01", "2019-04-01", "2020-04-01", "2021-04-01", "2022-04-01", "2023-04-01", "2024-04-01", "2025-04-01", "2026-04-01" ], "series": { "market_borrowings": { "name": "market_borrowings_inr_crore", "label": "Market borrowings", "color": "#2E4BD8", "stage": "accounts", "unit": "inr_crore", "group": "Financing of GFD", "order": 0, "data": [ null, null, null, null, null, null, null, null, null, null, 2679, 2913, 3771, 4038, 4095, 4884, 5532, 5862, 8418, 7404, 8001, 7510, 3676, 28928, 20326, 34001, 19093, 32499, 68988, 62076, 73431, 90812, 104126, 88870, 50940, 106241, 114801, 130600, 246975, 394371, 326399, 484111, 507445.01, 475626, 457617, 414931, 338149.12, 450728.31, 422734.61, 473967.88, 1032907, 704097, 1108259.53, 1180457.77, 1162877.61, null, null ] }, "market_borrowings__re": { "name": "market_borrowings_re_inr_crore", "label": "Market borrowings: revised estimate 2025-26", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "group": "Financing of GFD", "order": 1, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 1132834.05, null ] }, "market_borrowings__be": { "name": "market_borrowings_be_inr_crore", "label": "Market borrowings: budget estimate 2026-27", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "group": "Financing of GFD", "order": 2, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 1173209.79 ] }, "other_borrowings": { "name": "other_borrowings_inr_crore", "label": "Other borrowings", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "group": "Financing of GFD", "order": 3, "data": [ null, null, null, null, null, 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"name": "other_borrowings_be_inr_crore", "label": "Other borrowings: budget estimate 2026-27", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "group": "Financing of GFD", "order": 5, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 474471.17 ] }, "gfd_expenditure": { "name": "gfd_expenditure_inr_crore", "label": "GFD expenditure", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "group": "GFD expenditure", "order": 6, "data": [ null, null, null, null, null, null, null, null, null, null, 20672, 23682, 28061, 32741, 40882, 49893, 59425, 64081, 74514, 87928, 99586, 105394, 116262, 135662, 154394, 171770, 193468, 223735, 268707, 287922, 313546, 345907, 379057, 404038, 436209, 495093, 577494, 707571, 877817, 1015874, 1184908, 1285515, 1395312, 1546950, 1649935, 1769948, 1957564.44, 2126339.78, 2297060.41, 2668013.8, 3490108, 3769064, 4166995.85, 4416801, 4628250.8, null, null ] }, "gfd_expenditure__re": { "name": "gfd_expenditure_re_inr_crore", "label": "GFD expenditure: revised estimate 2025-26", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "group": "GFD expenditure", "order": 7, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 4934652.24, null ] }, "gfd_expenditure__be": { "name": "gfd_expenditure_be_inr_crore", "label": "GFD expenditure: budget estimate 2026-27", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "group": "GFD expenditure", "order": 8, 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"external_finance_re_inr_crore", "label": "External finance: revised estimate 2025-26", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "group": "Financing of GFD", "order": 10, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 20462.35, null ] }, "external_finance__be": { "name": "external_finance_be_inr_crore", "label": "External finance: budget estimate 2026-27", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "group": "Financing of GFD", "order": 11, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 15385.08 ] }, "gross_fiscal_deficit": { "name": "gross_fiscal_deficit_inr_crore", "label": "Gross fiscal deficit", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 12, "data": [ 1408, 1727, 2179, 1733, 2302, 3029, 3802, 3680, 5710, 6392, 8299, 8666, 10627, 13030, 17416, 21858, 26342, 27044, 30923, 35632, 44632, 36325, 40173, 60257, 57703, 60243, 66733, 88937, 113349, 104716, 118816, 140955, 145072, 123273, 125794, 146435, 142573, 126912, 336992, 418482, 373591, 515990, 490190, 502858, 510725, 532791, 535618, 591062, 649418, 933651, 1818291, 1584521, 1737755, 1654643.43, 1574430.66, null, null ] }, "gross_fiscal_deficit__re": { "name": "gross_fiscal_deficit_re_inr_crore", "label": "Gross fiscal deficit: revised estimate 2025-26", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 13, "data": [ null, null, null, null, null, null, null, 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"Financing of GFD", "order": 15, "data": [ null, null, null, null, null, null, null, null, null, null, 7018, 7702, 9369, 11692, 15964, 20409, 24318, 24151, 28463, 33037, 41451, 30904, 34854, 55183, 54121, 59925, 63746, 87846, 111429, 103537, 111311, 135354, 157006, 136761, 111041, 138963, 134101, 117597, 325977, 407444, 350035, 503542, 482989, 495566, 497884, 520043, 517622, 583131, 643899, 924969, 1748111, 1548374, 1700631, 1599521.73, 1527160.21, null, null ] }, "total__re": { "name": "total_re_inr_crore", "label": "Total: revised estimate 2025-26", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "group": "Financing of GFD", "order": 16, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 1538029.65, null ] }, "total__be": { "name": "total_be_inr_crore", "label": "Total: budget estimate 2026-27", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "group": "Financing of GFD", "order": 17, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 1680382.92 ] }, "gfd_receipts": { "name": "gfd_receipts_inr_crore", "label": "GFD receipts", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 18, "data": [ null, null, null, null, null, null, null, null, null, null, 12373, 15016, 17434, 19711, 23466, 28035, 33083, 37037, 43591, 52296, 54954, 69069, 76089, 75405, 96691, 111527, 126734, 134798, 155359, 183206, 194730, 204952, 233985, 280765, 310415, 348658, 434921, 580659, 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revised estimate 2025-26", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "group": "Financing of GFD", "order": 22, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 45721.67, null ] }, "drawdown_of_cash_balances__be": { "name": "drawdown_of_cash_balances_be_inr_crore", "label": "Drawdown of cash balances: budget estimate 2026-27", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "group": "Financing of GFD", "order": 23, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 32701.96 ] } } }