Vol. 02 · Union Budget 2026-27 · thepublicrupee.com · Radical Transparency Edition · 17 April 2026

The Public Rupee

A sovereign ledger for a republic of 1.4 billion — every rupee collected, every rupee spent, traced to the document.

Total Expenditure BE 2026-27

₹53.47L Cr

Fiscal Deficit

₹16.96L Cr

4.4% of GDP

RECEIPTS ₹36.52L CR ▲ 7.2%EXPENDITURE ₹53.47L CR ▲ 7.7%FISCAL DEFICIT ₹16.96L CR · 4.4% GDPSTATES SHARE ₹26.21L CR · 41% DEVOLUTIONINTEREST PAYMENTS ₹13.35L CR · LARGEST LINE ITEMGROSS BORROWING ₹15.68L CRRBI SURPLUS ₹2.69L CR TRANSFERREDCAPEX ₹11.21L CR ▲ 10.1%DEFENCE ₹6.97L CRINCOME TAX ₹11.23L CR ▲ 14.4%CORPORATION TAX ₹9.63L CR ▲ 10.8%GST ₹10.75L CR ▲ 11.0%SUBSIDIES ₹5.06L CRPM-KISAN ₹68,000 CR · 9.3 CR FARMERSRECEIPTS ₹36.52L CR ▲ 7.2%EXPENDITURE ₹53.47L CR ▲ 7.7%FISCAL DEFICIT ₹16.96L CR · 4.4% GDPSTATES SHARE ₹26.21L CR · 41% DEVOLUTIONINTEREST PAYMENTS ₹13.35L CR · LARGEST LINE ITEMGROSS BORROWING ₹15.68L CRRBI SURPLUS ₹2.69L CR TRANSFERREDCAPEX ₹11.21L CR ▲ 10.1%DEFENCE ₹6.97L CRINCOME TAX ₹11.23L CR ▲ 14.4%CORPORATION TAX ₹9.63L CR ▲ 10.8%GST ₹10.75L CR ▲ 11.0%SUBSIDIES ₹5.06L CRPM-KISAN ₹68,000 CR · 9.3 CR FARMERS

Updated 1 April 2026

The Controller General of Accounts (CGA), operating under the Ministry of Finance, is responsible for establishing and maintaining the Government of India's accounts. Every month — approximately 30 days after month-close — the CGA publishes a "Statement of Central Government Finances" covering receipts, disbursements, and the resulting surplus or deficit on a year-to-date (YTD) basis.

This is the primary source for The Public Rupee's Monthly Tracker.

What the CGA publishes

The monthly accounts consist of three statements:

Statement 1 — Summary: Total receipts, total disbursements, and the resulting surplus/deficit. Comparable to the fiscal deficit on a cash basis. Published as a single-page table.

Statement 2 — Receipts: Breakdown of revenue and capital receipts by major head. Revenue receipts include tax collections (with the gross figure before states' share) and non-tax items. Capital receipts include borrowings and loan recoveries.

Statement 3 — Disbursements: Expenditure by major head — spanning all Union ministries, interest payments, capital outlay, and grants to states. This is the most granular and longest statement.

The lag

CGA accounts are provisional. The timeline:

  • Month-end: accounts compiled at Pay and Accounts Offices across ministries
  • 25-30 days: reconciliation and aggregation at CGA level
  • Publication: approximately Day 30-35 after month-end
  • Example: January accounts published in late February

For annual budget tracking, there is an additional finality lag. Accounts for March (the fiscal year-end) are not finalised until May-June — after reconciliation, final ATRs (Abstract Tabular Returns), and departmentalised accounting reconciliation.

How we use it

The Monthly Tracker pipeline (rupee cga run) operates as follows:

  1. Discovery: Scrapes the CGA website listing page to find PDF links for the current fiscal year
  2. Download: Fetches each month's PDF to a local cache (idempotent — already-cached files are not re-fetched)
  3. Parse: Uses pdfplumber to extract tables from Statement 1 (headline numbers) and Statements 2-3 (line items)
  4. Ingest: Upserts parsed rows to Postgres with ON CONFLICT DO UPDATE — safe to re-run

The pipeline is designed to be run monthly via a cron job or manual trigger. Once DATABASE_URL is set, make cga-ingest does the full fetch-parse-persist cycle.

Caveats and known gaps

Provisional figures: Monthly accounts are provisional. They are superseded by the CAG-audited annual accounts, published 12-18 months after fiscal year-end. Small discrepancies between monthly and annual figures are normal.

Major head aggregation: We aggregate by major head as printed in the PDF. CGA sometimes reclassifies items between major heads across years, which can create apparent discontinuities in time series.

Currency of comparisons: Monthly actuals are cumulative YTD. The budget estimate is full-year. A September actuals figure of 52% utilisation is not necessarily bad — it depends on the spending profile (front-loaded capex, end-of-year salary cycles, etc.).

PDF parsing quality: CGA PDFs are generated from legacy accounting software and have inconsistent table formatting across years. Our parser handles the most common table layouts, but some edge cases may produce warnings. We flag rows where parsing confidence is low.

Data provenance

| Field | Source | |-------|--------| | Total receipts/disbursements YTD | CGA Statement 1 | | Fiscal deficit YTD | CGA Statement 1 (computed: total receipts minus net lending) | | Receipt line items | CGA Statement 2 | | Expenditure line items | CGA Statement 3 | | Budget Estimate comparison | Union Budget 2026-27 Expenditure Budget Vol. 1 |

All data is linked to the source document in the database. The source_doc and page columns in every table record the exact PDF and page number the row was extracted from.