The State government has collected ₹2.07 lakh crore in revenue until January end, which is only 72.87% of the ₹2.84 lakh crore projected in the 2025-26 budget estimates. With two months left in the financial year, this shortfall signals tough times ahead. Tax revenue followed a similar trend, reaching ₹1.26 lakh crore or 72.04% of the projected ₹1.75 lakh crore. Borrowings and other liabilities rose sharply to ₹69,187 crore, exceeding the budget estimate of ₹54,009 crore by 125.53%. Goods and Services Tax (GST) revenue stood at ₹43,673 crore, 73.15% of the estimated ₹59,704 crore. Sales tax revenue was ₹27,911 crore against a target of ₹37,463 crore. State Excise duties fetched ₹19,083 crore, 69.09% of the expected ₹27,623 crore, despite raising licence fees for retail liquor outlets. Non-tax revenue was sluggish at ₹7,864 crore, just 24.87% of the ₹31,618 crore estimate. Grants-in-aid and contributions were very low at ₹4,213 crore, 18.49% of the projected ₹22,782 crore. The State’s share of Union Taxes was relatively better at ₹16,496 crore, 77.83% of the target. Expenditure pressures are visible with interest payments reaching ₹24,085 crore, roughly ₹5,000 crore higher than budgeted and expected to hit ₹30,000 crore by fiscal end. Pension payments crossed estimates reaching ₹15,717 crore, and salaries accounted for ₹39,858 crore, 89.61% of the planned ₹44,478 crore. The State recorded a revenue deficit of ₹10,566 crore by January end, a sharp increase from a surplus of ₹2,738 crore last year. The fiscal deficit stood at ₹69,148 crore and the primary deficit breached budget estimates by over ₹10,000 crore, reaching ₹45,063 crore against a target of ₹34,640 crore. These numbers point to a challenging financial finish to the year for the State government, highlighting the need for careful fiscal management.