India's fiscal deficit widened to INR 7.17 trillion in April-November 2018 from INR 6.12 trillion in the same period of the previous fiscal year. Total expenditure increased 9.1 percent to INR 16.13 trillion and revenues rose at a much softer 3.4 percent to INR 8.97 trillion. The budget gap is equivalent to 114.8 percent of the government’s target for the whole financial year, compared with 112 percent a year ago. The government is widely expected to miss its fiscal deficit target of 3.3 percent of GDP this fiscal year. Government Budget Value in India averaged -2059.74 INR Billion from 1997 until 2018, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -7166.25 INR Billion in December of 2018.
Government Budget Value in India is expected to be -6263.00 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 -5069.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -1220.00 INR Billion in 2020, according to our econometric models.