India's fiscal deficit widened to INR 8.08 trillion in April-November 2019-20 from INR 7.17 trillion in the corresponding period of the previous fiscal year. That was equivalent to 114.8 percent of the government’s budget estimate for this financial year. Total spending rose 12.8 percent to INR 18.20 trillion and receipts increased 12.9 percent to INR 10.12 trillion. Total expenditure and total receipts were 65.3 percent and 48.6 percent respectively of FY20 estimates.
Government Budget Value in India averaged -2233.78 INR Billion from 1997 until 2019, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -8514.99 INR Billion in February of 2019. This page provides the latest reported value for - India Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Controller General Of Accounts, India
Government Budget Value in India is expected to be -6800.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in India to stand at -6200.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -6000.00 INR Billion in 2020, according to our econometric models.