India's fiscal deficit widened to INR 6.62 trillion in April-June 2020-21 from INR 4.32 trillion in the corresponding period of the previous fiscal year. That was equivalent to 83.2 percent of the government’s budget estimate for this financial year. Receipts plummeted 47 percent to INR 1.535 trillion amid the coronavirus crisis, while total expenditure went up 13.1 percent to INR 8.16 trillion. Total receipts and total expenditure were 6.8 percent and 26.8 percent respectively of FY21 estimates.

Government Budget Value in India averaged -2367.61 INR Billion from 1997 until 2020, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -10364.85 INR Billion in February of 2020. 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. India Central Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Controller General Of Accounts, India

Government Budget Value in India is expected to be -6670.00 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 -6208.00 INR Billion in 2021 and -6000.00 INR Billion in 2022, according to our econometric models.

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India Central Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-6623.63 -4663.43 -94.06 -10364.85 1997 - 2020 INR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 02:00 PM Apr INR-2795B INR-9356B INR-1870B
2020-05-29 02:00 PM Mar INR-9356B INR-10365B INR -9800B
2020-06-30 11:00 AM May INR-4663B INR-2795B INR-5210B
2020-07-31 11:30 AM Jun INR-6620B INR-4663B INR -4740B
2020-08-31 11:30 AM Jul INR-6620B INR-5870B
2020-09-30 11:30 AM Aug INR-5960B
2020-10-30 11:30 AM Sep INR -6400B
2020-11-30 11:30 AM Oct INR-7770B


News Stream
India Budget Gap Widens in June
India's fiscal deficit widened to INR 6.62 trillion in April-June 2020-21 from INR 4.32 trillion in the corresponding period of the previous fiscal year. That was equivalent to 83.2 percent of the government’s budget estimate for this financial year. Receipts plummeted 47 percent to INR 1.535 trillion amid the coronavirus crisis, while total expenditure went up 13.1 percent to INR 8.16 trillion. Total receipts and total expenditure were 6.8 percent and 26.8 percent respectively of FY21 estimates.
2020-07-31
India Public Deficit Widens as Revenues Plunge
India's fiscal deficit widened to INR 4.66 trillion in April-May 2020-21 from INR 3.66 trillion in the corresponding period of the previous fiscal year. That was equivalent to 58.6 percent of the government’s budget estimate for this financial year. Receipts plummeted 69.0 percent to INR 0.45 trillion amid the coronavirus crisis, while total expenditure was down 0.2 percent to INR 5.12 trillion. Total receipts and total expenditure were 2.0 percent and 16.8 percent respectively of FY21 estimates.
2020-06-30
India Budget Gap Widens in April
India's fiscal deficit widened sharply to INR 2.8 trillion in April of 2020, the first month of the new fiscal year, from INR 1.57 billion a year earlier. That was equivalent to 35.1 percent of the government’s budget estimate for this financial year. Total spending rose 20.6 percent to INR 3.1 trillion and receipts plunged 71.8 percent to INR 0.28 trillion amid a nationwide coronavirus lockdown. Considering the 2019-2020 fiscal year which went from April 2019 to March 2020, the government fiscal deficit was INR 9.36 trillion, equivalent to 4.59 percent of the GDP and higher than the target of 3.8 percent.
2020-05-29
India Government Budget Gap Highest on Record
India's fiscal deficit widened sharply to a record high of INR 10.36 trillion in April-February 2019-20 from INR 8.51 trillion in the corresponding period of the previous fiscal year. That was equivalent to 135.2 percent of the government’s budget estimate for this financial year. Total spending rose 12.6 percent to INR 24.65 trillion, the highest value on record and receipts increased 6.8 percent to INR 14.29 trillion. Total expenditure and total receipts were 91.4 percent and 74 percent respectively of FY20 estimates. The government revised higher its budget deficit for the current fiscal year to 3.8 percent from an earlier 3.3 percent.
2020-03-31

India Central Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. In India, government budget value refers to the cumulative amount of the central government fiscal deficit for current fiscal year.