India’s fiscal deficit stood at 5 lakh 98 thousand crore rupees in April to August period this year, accounting to 38.1 per cent of full year target. According to the ministry of finance figures, the Centre has received total receipts over 12 lakh 82 thousand crore rupees, amounting to 36.7 per cent of the Budget Estimates for this fiscal. This includes 8 lakh 10 thousand crore rupees from Tax Revenue, 4 lakh 40 thousand crore rupees from Non-Tax Revenue and 31 thousand 9 hundred crore rupees as Non-Debt Capital Receipts. Over 5 lakh 30 thousand crore rupees has been transferred to State Governments as their share of tax devolution, which marks an increase of 74 thousand crore rupees compared to the same period last year. On the expenditure side, the government has spent over 18 lakh 80 thousand crore rupees so far representing 37.1 per cent of the total Budget Estimates for the year. From this, 14 lakh 49 thousand crore rupees was in Revenue Account and 4 lakh 31 thousand crore rupees on Capital Account. Interest payments accounted for 5 lakh 29 thousand crore rupees, while 1 lakh 50 thousand crore rupees went towards major subsidies.