New Delhi, June 2: The Government of India reported a gross revenue of ₹2,12,679 crore in April, accounting for 5.8% of the Budget Estimates (BE) for 2026–27, according to official finance ministry data.
The revenue comprises ₹1,78,492 crore in net tax collections, ₹24,293 crore in non-tax revenue, and ₹9,894 crore in non-debt capital receipts, reflecting steady inflows at the beginning of the fiscal year.
During the same period, the Centre transferred ₹87,779 crore to state governments as their share of tax devolution, which is ₹6,044 crore higher than the corresponding period last year, strengthening fiscal support to states.
Officials noted that the monthly financial position reflects early fiscal-year revenue mobilisation, with both tax and non-tax inflows contributing to overall receipts. The higher devolution amount underscores the Centre’s commitment to cooperative federalism by ensuring timely transfer of resources to states.
The data also indicates that the Centre’s expenditure during the period stood at a significantly higher level, reflecting ongoing commitments toward infrastructure, subsidies, and interest payments, which continue to remain key components of public spending.
Economists said early fiscal trends will be closely watched in the coming months to assess tax buoyancy, consumption demand, and the trajectory of government spending, all of which will play a crucial role in shaping the fiscal outlook for FY 2026–27.
Overall, the April figures suggest a stable start to the financial year, with healthy revenue inflows and sustained fiscal transfers to states supporting broader economic activity.